Report
Alex Morozov
EUR 103.64 For Business Accounts Only

Thermo Fisher Delivers Good Results in 4Q; 2017 Guidance In Line With Our Estimates

Thermo Fisher Scientific finished the year in line with our expectations; its 2017 guidance was a bit higher than our forecast on the revenue line but roughly in line with our estimate. We retain our fair value estimate, and shares are fairly valued at current levels. We maintain our narrow moat rating for the firm.
All segments posted roughly as-expected constant-currency results in the quarter, with overall flat revenue growth, negatively affected by four fewer selling days in the quarter. The...
Underlying
Thermo Fisher Scientific Inc.

Thermo Fisher Scientific is engaged in serving science. The company's segments include: Life Sciences Solutions, which provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, which provides instruments, consumables, software and services that are used for a range of applications in the laboratory, on the production line and in the field; and Specialty Diagnostics, which provides diagnostic test kits, reagents, culture media, instruments and associated products for customers in healthcare, clinical, pharmaceutical, industrial, and food safety laboratories.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Morozov

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