Recap: PerkinElmer Q3 Earnings

PerkinElmer PKI reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

PerkinElmer their estimated earnings by 35.09%, reporting an EPS of $2.31 versus an estimate of $1.71, which surprised analysts.

Revenue was up $202,975,000 from the same period last year.

Last quarter the company beat on EPS by $0.42, which was followed by a 1.13% drop in the share price the next day.

Here's a look at PerkinElmer's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	2.41	3.07	3	1.50
EPS Actual	2.83	3.72	3.96	2.09
Revenue Estimate	1.12B	1.21B	1.22B	841.19M
Revenue Actual	1.23B	1.31B	1.35B	964.02M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

PerkinElmer management provided guidance for their next quarter, expecting earnings between $1.62 and $1.62 per share for the nextquarter.

This represents a -29.87% in quarter-over-quarter growth for PerkinElmer, a bearish signal to many investors.

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