Johnson & Johnson Earnings Preview
Johnson & Johnson (NYS: JNJ) beat estimates by $0.04 last quarter and investors are hoping it can beat them again. The company will unveil its latest earnings on Tuesday. Johnson & Johnson is a holding company involved in the research and development, manufacture, and sale of a range of health care products.
What analysts say:
- Buy, sell, or hold?: The majority of analysts back Johnson & Johnson as a buy. But with 52.4% of analysts rating it a buy, Johnson & Johnson is still below the mean analyst rating of its nearest 10 competitors, which average 53.5% buys. Analysts don't like Johnson & Johnson as much as competitor Pfizer overall. Fifteen out of 16 analysts rate Pfizer a buy compared to 11 of 21 for Johnson & Johnson. Analysts' rating of Johnson & Johnson has stayed constant from three months prior.
- Revenue forecasts: On average, analysts predict $16.02 billion in revenue this quarter. That would represent a rise of 6.9% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $1.21 per share. Estimates range from $1.16 to $1.30.
What our community says:
CAPS All-Stars are solidly backing the stock with 98.2% awarding it an outperform rating. The community at large concurs with the All-Stars with 96.5% granting it a rating of outperform. Fools are keen on Johnson & Johnson and haven't been shy with their opinions lately, logging 3,278 posts in the past 30 days. Johnson & Johnson has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Johnson & Johnson's income has fallen year over year by an average of 13.1% over the past five quarters. The company's revenue has now risen for two straight quarters.
One final thing: If you want to keep tabs on Johnson & Johnson movements, and for more analysis on the company, make sure you add it to your watchlist.
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At the time this article was published
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