Revvity Inc
RVTY: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$247.00 | Rmllhmg | Nwtfdnmzx |
PerkinElmer Raises 2021 Outlook Again After Strong Q3 Performance; Shares Still Overvalued
Narrow-moat PerkinElmer reported strong third-quarter operating results, and although management raised guidance again, we do not anticipate changing our fair value estimate at first glance even as we plan to adjust our near-term assumptions. We still view the shares as overvalued, although we recognize that the company outperformed management’s expectations and FactSet consensus in the third quarter, driven by both COVID-19- and non-COVID-related sales.