What To Expect From Agilent’s (A) Q3 Earnings

Life sciences tools company Agilent Technologies (NYSE:A) will be announcing earnings results this Monday after market hours. Here’s what to expect.

Agilent beat analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $1.74 billion, up 10.1% year on year. It was a strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ organic revenue estimates.

Is Agilent a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Agilent’s revenue to grow 7.8% year on year to $1.83 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.58 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Agilent has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2% on average.

Looking at Agilent’s peers in the research tools & consumables segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Sotera Health Company delivered year-on-year revenue growth of 9.1%, beating analysts’ expectations by 2.6%, and Thermo Fisher reported revenues up 4.9%, topping estimates by 1.9%. Sotera Health Company traded down 4.8% following the results while Thermo Fisher was up 2.5%.

Read our full analysis of Sotera Health Company’s results here and Thermo Fisher’s results here.

Investors in the research tools & consumables segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Agilent is up 2.6% during the same time and is heading into earnings with an average analyst price target of $152.33 (compared to the current share price of $151.06).

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