Bruker Earnings: What To Look For From BRKR

Scientific instrument company Bruker (NASDAQ:BRKR). will be reporting results tomorrow before market hours. Here’s what investors should know.

Bruker met analysts’ revenue expectations last quarter, reporting revenues of $864.4 million, up 16.4% year on year. It was a softer quarter for the company, with a miss of analysts’ organic revenue estimates and EPS in line with analysts’ estimates.

Is Bruker a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Bruker’s revenue to grow 13.1% year on year to $966.1 million, slowing from the 20.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.74 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bruker has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Bruker’s peers in the research tools & consumables segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Waters Corporation delivered year-on-year revenue growth of 6.5%, beating analysts’ expectations by 1.9%, and Bio-Techne reported revenues up 9%, topping estimates by 4.2%. Bio-Techne traded up 3.3% following the results.

Read our full analysis of Waters Corporation’s results here and Bio-Techne’s results here.

Investors in the research tools & consumables segment have had steady hands going into earnings, with share prices up 1% on average over the last month. Bruker is down 15.6% during the same time and is heading into earnings with an average analyst price target of $73.19 (compared to the current share price of $51.72).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.