Shares of Agilent (NYSE:A) fell in after-hours trading after the company reported earnings for its third quarter of Fiscal Year 2023. Earnings per share came in at $1.43, which beat analysts’ consensus estimate of $1.36 per share. Sales decreased by 2.9% year-over-year, with revenue hitting $1.67 billion. This beat analysts’ expectations by $10 million.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Looking forward, management now expects revenue and adjusted earnings per share for FY 2023 to be in the ranges of $6.8 billion to $6.85 billion and $5.40 to $5.43, respectively. For reference, analysts were expecting $6.97 billion in revenue, along with an adjusted EPS of $5.59.
Overall, Wall Street has a consensus price target of $139.92 on A stock, implying 11.35% upside potential, as indicated by the graphic above.