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Baxter International Second Quarter Earnings Preview
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On Thursday, July 19, 2012, Baxter International (NYSE:BAX) is expected to release its second quarter earnings.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: How To Decode A Company's Earnings Reports
What to Expect: The consensus estimate for Baxter's earnings is $1.11 per share, up 3.7% from a year ago when the company reported earnings of $1.07 per share.
While down from $1.12 three months ago, the consensus estimate has remained unchanged over the past 30 days. For the fiscal year, analysts are expecting earnings of $4.53 per share.
Baxter is expected to report revenue of $3.53 billion for the quarter, down by 0.2% from last year's figure of $3.54 billion. Baxter is expected to report revenue of $14.2 billion for the fiscal year.
Company Performance: Baxter has reported revenue increases for the past four quarters. It rose 3.2% in the first quarter, 2.7% in the fourth quarter of the last fiscal year, 7.9% in the third quarter of the last fiscal year and 10.7% in the second quarter of the last fiscal year.
Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: The P/E Ratio: A Good Market-Timing Indicator
The stock price has fallen slightly over the past quarter to $54.53 from $54.64 on April 17, 2012. May 10, 2012 to May 18, 2012 marked one of Baxter's worst periods, as the share price fell $2.91.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: How To Decode A Company's Earnings Reports
What to Expect: The consensus estimate for Baxter's earnings is $1.11 per share, up 3.7% from a year ago when the company reported earnings of $1.07 per share.
While down from $1.12 three months ago, the consensus estimate has remained unchanged over the past 30 days. For the fiscal year, analysts are expecting earnings of $4.53 per share.
Baxter is expected to report revenue of $3.53 billion for the quarter, down by 0.2% from last year's figure of $3.54 billion. Baxter is expected to report revenue of $14.2 billion for the fiscal year.
Company Performance: Baxter has reported revenue increases for the past four quarters. It rose 3.2% in the first quarter, 2.7% in the fourth quarter of the last fiscal year, 7.9% in the third quarter of the last fiscal year and 10.7% in the second quarter of the last fiscal year.
Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: The P/E Ratio: A Good Market-Timing Indicator
The stock price has fallen slightly over the past quarter to $54.53 from $54.64 on April 17, 2012. May 10, 2012 to May 18, 2012 marked one of Baxter's worst periods, as the share price fell $2.91.
by
Investopedia Staff
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