From Nasdaq: 2024-05-06 16:18:00

Mettler-Toledo International, Inc. (MTD) is set to release its first-quarter 2024 results on May 9. Sales are expected to decline 4-6% in local currency, with adjusted earnings anticipated to fall by 11-15%. Despite a positive track record, the company’s upcoming results may reflect macroeconomic headwinds and weakening market demand.

The Laboratory segment is expected to see a 4% decline in sales, while the Industrial segment may witness a 7% drop. However, the Food Retail segment is likely to benefit from strong project activities. Despite cost-cutting efforts and strong sales strategies, Mettler-Toledo’s first-quarter performance may be impacted by market volatility.

With an Earnings ESP of -0.84% and a Zacks Rank #4 (Sell), our model does not predict an earnings beat for Mettler-Toledo this quarter. Investors may consider looking at other stocks with positive growth projections, such as Arista Networks (ANET) and NVIDIA which are set to report their earnings in the coming days.

Arista Networks (ANET) has an Earnings ESP of +3.76% and a Zacks Rank #2. NVIDIA is expected to show significant growth in its earnings for the first quarter of fiscal 2025. Overall, Mettler-Toledo’s upcoming results are likely to be impacted by challenging market conditions and unfavorable exchange rates, making it less favorable for investors compared to other stocks in the same sector.



Read more at Nasdaq: What’s in the Offing for Mettler-Toledo’s (MTD) Q1 Earnings?