From Nasdaq:

Thermo Fisher Scientific (TMO) closed the most recent trading day at $546, moving +0.38% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.07% for the day. Heading into today, shares of the maker of scientific instrument and laboratory supplies had gained 4.9% over the past month.

The company plans to announce its earnings on January 31, 2024, with projected earnings per share (EPS) at $5.64, reflecting a 4.44% increase from the same quarter last year. Meanwhile, the Zacks Consensus EPS estimate has witnessed a 0.03% decrease over the last 30 days. Valuation is also important, so investors should note that Thermo Fisher Scientific has a Forward P/E ratio of 24.99, right now.

Furthermore, Thermo Fisher Scientific has a Zacks Rank #3 (Hold) and a PEG ratio of 3.27, while the Medical – Instruments was holding an average PEG ratio of 2.26 at yesterday’s closing price. The Medical – Instruments industry currently bears a Zacks Industry Rank of 101, placing it in the top 41% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the group, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1.

One little-known company is at the heart of an especially brilliant Artificial Intelligence sector, predicted to have a $15.7 Trillion economic impact by 2030. To take advantage of changes in analyst projections for Thermo Fisher Scientific, follow stock-moving metrics, and other factors, on Zacks.com. For more information, Zacks is providing a bonus report on explosive growth stocks, including Thermo Fisher Scientific. Popular stock analysis reports can also be found on the Zacks Investment Research website.



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