) to hold from buy.
Analyst Meirav Chovav says she's concerned over the biotech instrument maker's ability to deliver on top-line and bottom-line growth targets. She notes her $422 million Q4 revenue estimate and $0.24 EPS estimate are below the company's guidance and consensus, but she's concerned there could still be a downside. She notes the company says its 10%-13% projected revenue growth over the next several quarters may be adversely impacted as major foreign currencies have continued to a decline.
Chovav is concerned about a slowdown in mass spectrometer orders, and continued weakness in the DNA-sequence analysis market. She sees $0.95 2001 EPS, and $1.08 EPS for 2002.