Can Baxter International Meet These Numbers?
Baxter International (NYS: BAX) is expected to report Q2 earnings around July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Baxter International's revenues will shrink 0.0% and EPS will grow 3.7%.
The average estimate for revenue is $3.53 billion. On the bottom line, the average EPS estimate is $1.11.
Last quarter, Baxter International booked revenue of $3.39 billion. GAAP reported sales were 3.2% higher than the prior-year quarter's $3.28 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.01. GAAP EPS of $1.04 for Q1 were 6.1% higher than the prior-year quarter's $0.98 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 50.6%, 40 basis points worse than the prior-year quarter. Operating margin was 20.5%, 220 basis points worse than the prior-year quarter. Net margin was 17.4%, about the same as the prior-year quarter.
The full year's average estimate for revenue is $14.20 billion. The average EPS estimate is $4.52.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 641 members out of 673 rating the stock outperform, and 32 members rating it underperform. Among 195 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 189 give Baxter International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Baxter International is outperform, with an average price target of $64.13.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
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