Agilent Analysts Slash Their Forecasts After Q3 Results

Agilent Technologies, Inc. A reported better-than-expected third-quarter earnings, but lowered its full-year guidance.

Agilent posted quarterly earnings of $1.43 per share, beating market estimates of $1.37 per share. The company’s quarterly sales came in $1.67 billion, versus estimates of $1.66 billion.

Agilent now sees FY23 adjusted earnings of $5.40 to $5.43 per share, and revenue of $6.8 billion to $6.85 billion.

Agilent shares lost 2.6% to $122.33 in today’s pre-market trading session.

These analysts made changes to their price targets on Agilent following earnings announcement.

• Barclays cut the price target on Agilent from $115 to $110. Barclays analyst Jack Meehan maintained an Underweight rating.
• Credit Suisse slashed the price target on Agilent from $160 to $150. Credit Suisse analyst Dan Leonard maintained an Outperform rating.
• Baird cut the price target on Agilent from $144 to $140. Baird analyst Catherine Schulte maintained an Outperform rating.

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