Baxter Expects Q3 FY23 Adjusted EPS (Including Discontinued Operations) of $0.78-$0.80 And $0.65-$0.67 From Continuing Operations Compared To Consensus Of $0.80
Portfolio Pulse from Benzinga Newsdesk
Baxter International Inc. (BAX) has projected its Q3 FY23 adjusted EPS, including discontinued operations, to be between $0.78 and $0.80, and $0.65 to $0.67 from continuing operations. This is significantly lower than the consensus estimate of $2.93.
July 27, 2023 | 11:35 am
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Baxter's Q3 FY23 adjusted EPS forecast is significantly lower than the consensus estimate, which could negatively impact its stock price in the short term.
Earnings per share (EPS) is a key indicator of a company's profitability. Baxter's lower-than-expected EPS forecast suggests that the company may not perform as well as investors had hoped, which could lead to a decrease in its stock price.
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