Revvity Inc

RVTY: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$296.00XlzvtlPhncsnn

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.

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