UPDATE: PerkinElmer (PKI) Tops Q4 EPS by 96c, Revenues Beat; Offers 1Q & FY21 EPS/Revenue Guidance

PerkinElmer (NYSE: PKI) reported Q4 EPS of $3.96, $0.96 better than the analyst estimate of $3.00. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.22 billion.

• 4Q Revenue of $1.355 billion; 68% reported growth; 65% organic growth
• 4Q GAAP EPS from continuing operations of $3.38; Adjusted EPS of $3.96
• Initiates First Quarter and Full Year 2021 Guidance

“While the fourth quarter and full year financial results are certainly impressive, we have many accomplishments beyond the headline financial numbers to be proud of,” said Prahlad Singh, president and chief executive officer of PerkinElmer. “The team’s response to the pandemic, and their resolute focus throughout 2020 to be a part of the solution, was humbling and inspiring to watch. As we look ahead, I could not be more excited about the future for PerkinElmer.”

GUIDANCE:

PerkinElmer sees Q1 2021 EPS of $3.00, versus the consensus of $2.40. PerkinElmer sees Q1 2021 revenue of $1.19 billion, versus the consensus of $1.1 billion.

PerkinElmer sees FY2021 EPS of $8.50, versus the consensus of $8.88. PerkinElmer sees FY2021 revenue of $4.08 billion, versus the consensus of $4.17 billion.

For earnings history and earnings-related data on PerkinElmer (PKI) click here.

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