Bruker Boosts FY21 Outlook - Quick Facts

(RTTNews) - Ahead of it Virtual Investor Day on Thursday, Bruker Corp. (BRKR) raised its adjusted earnings and revenue and organic revenue growth guidance for the full year 2021.

For fiscal 2021, the company now projects adjusted earnings in a range of $1.84 to $1.89 per share on revenue growth of 16 to 18 percent, with organic revenue growth of 13 to 15 percent.

Previously, the company expected adjusted earnings in the range of $1.82 to $1.87 per share on revenue growth of 14 to 16 percent, with organic revenue growth of 11 to 13 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.87 per share on revenues of $2.32 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to the medium term for fiscal 2024, the company now anticipates adjusted earnings in a range of $2.60 to $3.00 per share on revenue between $2.7 billion and $3.0 billion.