Danaher (DHR) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

Danaher (DHR) closed at $303.92 in the latest trading session, posting a -0.45% move from the day before. The move delayed the S&P 500’s daily loss of 0.1%. Meanwhile, the Dow Jones lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.

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As the day started, shares of the industrial and medical device maker had lost 4.07% in the last month. At the same time, the conglomerate sector gained 1.93%, while the S&P 500 rose 3.67%.

Investors are hoping for strength from Danaher as it nears its next earnings release, which is expected on January 27, 2022. The company is expected to report earnings of $2.49, an increase of 19.71% over the previous quarter. Meanwhile, the Zacks Consensus revenue report expects net sales to be $7.76 billion, up 14.82% from the same period last year.

Investors should also note any recent changes to analyst estimates for Danaher. These reviews help show the ever-changing nature of near-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a strong and externally audited track record of outperforming, returning the #1 stock an average of +25% annually since 1988. Zacks Consensus Increased profitability rating The stock is up 1.75% over the past month. Danaher is currently ranked #3 by the Zacks.

Given its valuation, Danaher maintains a forward P/E ratio of 29.78. This valuation represents a premium over the industry’s forward P/E average of 18.44.

It should also be noted that DHR currently has a PEG ratio of 1.37. This metric is used similarly to the popular P/E ratio, but the PEG ratio also takes into account the expected earnings growth rate for the stock. Diversified operations stocks have, on average, a PEG ratio of 1.37 based on yesterday’s closing prices.

The diversified operations industry is part of the conglomerate segment. This group has a Zacks Industry Rating of 90, placing it in the top 36% of over 250 industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

To follow DHR in upcoming trading sessions, be sure to use Zacks.com.

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