Thermo Fisher Scientific (TMO, Financial) has announced its first-quarter financial results, revealing revenue of $10.36 billion, surpassing the market's projected $10.23 billion. This achievement highlights the company's robust performance in a challenging macroeconomic climate.
Marc N. Casper, Chairman, President, and CEO, attributed the success to the effective execution by Thermo Fisher's team, emphasizing the role of the PPI Business System in driving operational excellence. This system has been instrumental in supporting customer needs, enhancing their ability to navigate the current market environment.
Casper also stressed that Thermo Fisher is strategically well-positioned for future growth. With a seasoned management team and a strong trust-based relationship with its customers, the company aims to continue identifying new opportunities and delivering value to all stakeholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 28 analysts, the average target price for Thermo Fisher Scientific Inc (TMO, Financial) is $626.61 with a high estimate of $767.00 and a low estimate of $475.00. The average target implies an upside of 44.14% from the current price of $434.73. More detailed estimate data can be found on the Thermo Fisher Scientific Inc (TMO) Forecast page.
Based on the consensus recommendation from 33 brokerage firms, Thermo Fisher Scientific Inc's (TMO, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Thermo Fisher Scientific Inc (TMO, Financial) in one year is $586.30, suggesting a upside of 34.87% from the current price of $434.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Thermo Fisher Scientific Inc (TMO) Summary page.
