TMO - PerkinElmer Meeting Expectations But Not Going Much Beyond
For a company with rich expectations embedded into the valuation, I’d say the reaction to fourth-quarter earnings and 2020 guidance from PerkinElmer (PKI) was fairly restrained. The stock has weakened a bit since earnings, but only after an impressive climb from under $80 in early October to over $100 around the time of the JPMorgan Healthcare Conference.
There are certainly attractive growth opportunities in front of PerkinElmer. I see good potential in the Chinese food testing market, the U.S. market for EUROIMMUN, and in the company’s vision of end-to-end solutions for highly-regulated industries.