Mettler-Toledo to Report Q3 Earnings: Analysts Anticipate 4% EPS Growth
Mettler-Toledo International Inc. (MTD) is set to report its fiscal third-quarter earnings on Thursday, November 6, after market close. Analysts anticipate a profit of $10.62 per share, a 4% increase from the year-ago quarter. MTD's market capitalization stands at $28.5 billion.
MTD, headquartered in Columbus, Ohio, specialises in precision instruments for laboratory, industrial, and food retailing applications. The company's shares closed down over 2% on July 31, following the release of its Q2 results, with adjusted EPS of $10.09 surpassing Wall Street expectations. Despite this, MTD stock has lagged behind the S&P 500 Index's gains of 14.5% over the past 52 weeks, with shares up only 2.2% during this period.
Analysts' consensus is bullish on MTD, with a 'Moderate Buy' rating. They predict an annual income of $42.01 for the full year, a 2.2% increase from fiscal 2024. MTD expects full-year adjusted EPS in the range of $42.10 to $42.60. While MTD currently trades above its mean price target of $1,351.50, the Street-high price target of $1,600 suggests an earnings calendar potential of 15.8%.
Mettler-Toledo International Inc. is poised to release its Q3 earnings on November 6. Analysts anticipate a 4% increase in EPS, reflecting the company's robust financial performance. Despite recent underperformance, MTD's bullish outlook and strong earnings potential make it an attractive investment opportunity.
