雅虎香港財經 Bruker's (BRKR) Strategic Buyouts Aid Amid Macroeconomic Woes
Bruker’s BRKR strong growth reflects its fundamental commitment to innovate high-value solutions and the ongoing portfolio transformation. Yet, the company’s operations are marred by excessive currency exposure and macroeconomic headwinds. The stock carries a Zacks Rank #3 (Hold).
Within Bruker’s BSI Nano segment, over the past few quarters, microelectronics and semiconmetrology tools have grown on strong bookings and backlog. The artificial intelligence megatrend is a key factor driving the success of the semiconductor metrology and advanced packaging tools business.
The business is seeing robust revenue growth across its end markets, including academic, government, industrial, and semiconductor metrology. Particularly, the NANO surface division and advanced X-ray and core tools are witnessing strong revenue growth. Bruker NANO Life Science fluorescence microscopy is gaining from product innovation and research demand, further bolstered by the addition of Inscopix’s neuroscience research tools. During the first quarter of 2024, the group pursued a few strategic moves, like acquiring the optical cell imaging company Phasefocus Holdings Limited.
In February 2024, Bruker acquired Nanophoton Corporation, a specialist in research Raman microscopy systems, which are mainly offered in Japan and Korea. Nanophoton augments Bruker Optics’ molecular microscopy portfolio with a broad range of state-of-the-art Raman microscopy systems.
The acquisition of Bruker Cellular Analysis (formerly PhenomeX) in 2023 marked its entry into single-cell biology research tools, complementing Bruker’s emerging spatial biology business.
Bruker Corporation Price
Bruker Corporation price | Bruker Corporation Quote
The CALID segment has been gaining from the strong demand for differentiated instruments, particularly in life science mass spectrometry proteomics solutions and optics spectroscopy and microscopy instruments. Bruker’s flagship timsTOF platform is a key driver in life science mass spectrometry, further bolstered by the aftermarket business and sustained growth in applied mass spectrometry and the optics infrared, near-infrared and Raman business. In 2023, the company introduced timsTOF Ultra, which has raised the bar further for sensitivity in unbiased proteomics with new technologies, next-generation ion source and next-generation TIMS technology.
On the flip side, Bruker generates a substantial portion of its revenues in the international markets, primarily in Germany and other countries in the European Union, Switzerland and Japan. As a result, currency fluctuations continue to result in foreign currency transaction losses at the company. In addition, currency fluctuations cause the price of Bruker’s products to be less competitive than its principal competitors' offerings. In the first quarter of 2024, changes in foreign currency translation rates compared to the prior year period decreased revenues by 0.1%. The company’s updated 2024 outlook projects an estimated foreign currency headwind of about 1%.
Further, many of the countries in which Bruker operates, including the United States, Russia, and certain European nations, have experienced and continue to face uncertain economic conditions. Any company conducting business in these nations tends to be impacted by unfavorable changes in economic or political conditions herein, including adverse changes in interest rates or tax rates, volatile financial and commodity markets, contraction in the availability of credit in the marketplace and changes in capital spending patterns.
Moreover, continued volatility in global financial markets might impact Bruker’s customers from obtaining adequate financing for their operations and proceeding with capital spending initiatives. This may lead to a drop in sales volume, potentially affecting the company’s operational results and cash flow. The continuous economic downturn could also cause Bruker to face increased pricing and cost pressure for its products and services, potentially impacting its operating margins and profitability. In the first quarter of 2024, the company’s gross margin contracted 360 basis points on a 13.3% rise in costs. SG&A expenses rose 20.1% compared to the prior-year levels.
Key Picks
Some better-ranked stocks in the broader medical space are Hims & Hers Health HIMS, ResMed RMD and Medpace MEDP. While Hims & Hers Health sports a Zacks Rank #1 (Strong Buy), ResMed and Medpace carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
Hims & Hers Heath stock has surged 181.7% in the past year. Estimates for the company’s earnings have increased from 18 cents to 19 cents for 2024 and from 33 cents to 35 cents for 2025 in the past 30 days.
HIMS’ earnings beat estimates in three of the trailing four quarters and missed in one, delivering an average surprise of 79.2%. In the last reported quarter, it posted an earnings surprise of a staggering 150%.
Estimates for ResMed’s fiscal 2024 earnings per share have remained constant at $7.70 in the past 30 days. Shares of the company have declined 14.3% in the past year compared with the industry’s fall of 1.8%.
RMD’s earnings surpassed estimates in three of the trailing four quarters and missed in one, the average surprise being 2.8%. In the last reported quarter, it delivered an earnings surprise of 10.9%.
Estimates for Medpace’s 2024 earnings per share have remained constant at $11.29 in the past 30 days. Shares of the company have surged 81% in the past year compared with the industry’s 6.1% growth.
MEDP’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 12.8%. In the last reported quarter, it delivered an earnings surprise of 30.6%.
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