Baxter International Inc. (NYSE:BAX) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on January 26, 2017. The stock lost about -3.3 percent in price since last results when it was at $48.44 a share. Based on the most relevant past-periods data, there is an 59.26 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 16 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 0 occasions, and it has met expectations 1 time.
Here’s how traders responded to BAX earnings announcements over the past few quarters.
Baxter International Inc. (BAX) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 27.02 percent over the past four quarters. Back on October 25, 2016, it posted earnings per-share earnings at $0.56 which beat the consensus $0.44 projection (positive surprise of27.27%. For the quarter, revenue came in at 2.56B versus consensus estimate of 2.55B. The stock gained 1.49 percent the session following the earnings reports were released, and on 7th day price change was -1.75 percent.
On July 26, 2016, it reported earnings at $0.46 a share compared with the consensus estimate of $0.39 per share (positive surprise of 17.95%). Revenue of 2.59B for that quarter was above the $2.52B analysts had expected. The stock climbed 4.15% the day following the earnings announcement, and on 7th day price change was 5.22%.
On April 26, 2016, it recorded $0.36 a share in earnings which topped the consensus estimate of $0.29 (positive surprise of 24.14%). Revenue for the quarter was $2.38B while analysts called for revenues to be $2.35B. The stock gained 0.78% the day following the earnings data was made public, and on 7th day price change was 2.47%.
On February 2, 2016, it announced earnings per share at $0.43 versus the consensus estimate of $0.31 per share (positive surprise of 38.71%). That came on revenues of $2.6B for that period. Analysts had expected $2.55B in revenue.
Baxter International Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.52. The analysts’ present consensus range is $0.49-$0.55 for EPS. The market consensus range for revenue is between $2.64B and $2.67B, with an average of $2.66B.
Baxter International Inc. (NYSE:BAX) last ended at $46.82, sending the company’s market cap near $25.46B. The consensus 12-month price target from analysts covering the stock is $53.25. The share price has declined -6.66% from its top level in 52 weeks and dropped 23.8% this year. It recently traded in a range of $46.79-$48.02 at a volume of 3402757 shares. The recent trading ended with the price nearly -0.36 lower for the last 5 trading days, rebounding 38.66% from its 52-week low.