Published on 11 Mar 2023 on Simply Wall St. via Yahoo Finance
Declining Stock and Decent Financials: Is The Market Wrong About PerkinElmer, Inc. (NYSE:PKI)?
PerkinElmer (NYSE:PKI) has had a rough three months with its share price down 14%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study PerkinElmer's ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.