FMP
Nov 22, 2024
Agilent Technologies (NYSE:A) is a global leader in life sciences, diagnostics, and applied chemical markets. The company provides instruments, software, services, and consumables for the entire laboratory workflow. As Agilent prepares to release its quarterly earnings on November 25, 2024, analysts expect an earnings per share (EPS) of $1.41 and revenue of $1.67 billion.
The anticipated EPS of $1.41 represents a 2.2% increase from the previous year, as highlighted by analysts. However, the projected revenue of $1.67 billion marks a slight decrease of 0.9% year-over-year. This stability in earnings estimates over the past 30 days suggests that analysts are confident in their forecasts, which can influence investor sentiment.
Historically, Agilent's stock has shown mixed reactions following earnings reports, with an equal number of positive and negative next-day returns over the past eight quarters. On average, the stock has moved 5.3% in either direction post-earnings in the last two years. However, options markets are currently pricing in a larger potential swing of 7.6% this time.
Agilent's stock price is currently up 0.9% at $126.83, recovering from its lowest close since July and potentially ending a four-day losing streak. The company's financial ratios, such as a P/E ratio of 27.10 and a price-to-sales ratio of 5.84, reflect investor confidence in its earnings and revenue potential. The debt-to-equity ratio of 0.50 indicates a moderate level of debt, while a current ratio of 1.78 suggests good liquidity.
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