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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100