Baxter Forecasts Q1 FY24 Adjusted EPS Of $0.59-$0.62 Versus Consensus Of $0.63, With Sales Growth Of Approximately 1% On A Reported Basis And 1%-2% On A Constant Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Baxter International Inc. has provided its Q1 FY24 earnings forecast, expecting adjusted EPS to range between $0.59 and $0.62, which is slightly below the consensus estimate of $0.63. The company also anticipates sales growth of about 1% on a reported basis and between 1% and 2% on a constant currency basis.
February 08, 2024 | 12:19 pm
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Baxter International Inc. forecasts its Q1 FY24 adjusted EPS to be slightly below consensus estimates, with modest sales growth expected.
Baxter's forecast of a lower-than-expected EPS for Q1 FY24 could lead to short-term negative sentiment among investors, especially since the EPS forecast is below the consensus estimate. The modest sales growth projection further compounds concerns about the company's short-term growth prospects.
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