Baxter Forecasts FY24 Adjusted EPS Of $2.85-$2.95 Versus Consensus Of $2.94, With Sales Growth Of Approximately 2% On Both A Reported And Constant Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Baxter International Inc. has provided its financial forecast for FY24, projecting an adjusted EPS of $2.85-$2.95, which is in line with the consensus estimate of $2.94. The company also expects sales growth of about 2% for the year, both on a reported and constant currency basis.
February 08, 2024 | 12:20 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Baxter International Inc. forecasts FY24 adjusted EPS of $2.85-$2.95, closely aligning with consensus estimates. The company also expects a 2% sales growth.
Baxter's FY24 financial forecast aligns closely with consensus estimates, indicating a stable outlook. The projected sales growth is modest, suggesting a steady but not rapid growth trajectory. Given the alignment with consensus estimates, the immediate impact on Baxter's stock price is likely to be neutral, as the market may have already priced in these expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90