Uncovering Potential: Baxter Intl's Earnings Preview

Baxter Intl (NYSE:BAX) is preparing to release its quarterly earnings on Friday, 2024-11-08. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Baxter Intl to report an earnings per share (EPS) of $0.78.

Baxter Intl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

The company's EPS beat by $0.02 in the last quarter, leading to a 0.89% drop in the share price on the following day.

Here's a look at Baxter Intl's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.66

0.61

0.86

0.68

EPS Actual

0.68

0.65

0.88

0.82

Price Change %

-1.0%

-0.0%

-2.0%

-1.0%

Performance of Baxter Intl Shares

Shares of Baxter Intl were trading at $36.11 as of November 06. Over the last 52-week period, shares are up 8.5%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Baxter Intl

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Baxter Intl.

Baxter Intl has received a total of 1 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of ...