Baxter International Earnings Preview
Investors are on the edge of their collective seats, hoping that Baxter International (NYS: BAX) will top analyst expectations for the fifth consecutive quarter. The company will unveil its latest earnings Thursday. Baxter International is a company that develops and manufactures health-care products for chronic, acute illnesses.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Baxter International, with 12 of 16 rating it a buy and the remainder rating it a hold. Analysts don't like Baxter International as much as competitor Covidien overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared with three months ago.
- Revenue Forecasts: On average, analysts predict $3.41 billion in revenue this quarter. That would represent a rise of 5.9% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $1.08 per share. Estimates range from $1.05 to $1.11.
What our community says:
CAPS All-Stars are solidly behind the stock with 96% giving it an "outperform" rating. The community at large backs the All-Stars with 95% awarding it a rating of "outperform." Fools have embraced Baxter International and haven't been shy with their opinions lately, logging 209 posts in the past 30 days. Even with a robust four out of five stars, Baxter International's CAPS rating falls a little short of the community's upbeat outlook.
Revenue has now gone up for three straight quarters.
We can help you keep tabs on your companies with My Watchlist, our free, personalized service. Add Baxter International now.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
At the time this article was published
Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.