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Compared to Estimates, Baxter (BAX) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Baxter International (BAX - Free Report) reported revenue of $3.81 billion, up 2.8% over the same period last year. EPS came in at $0.68, compared to $0.55 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.74 billion, representing a surprise of +1.80%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Baxter performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Acute Therapies- U.S.
$77 million compared to the $68.10 million average estimate based on three analysts. The reported number represents a change of +28.3% year over year.
Geographic Net Sales- International
: $2.02 billion versus $1.98 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3% change.
Net Sales- Pharmaceuticals- U.S.
$197 million versus the three-analyst average estimate of $190.48 million. The reported number represents a year-over-year change of +8.2%.
Net Sales- Pharmaceuticals- International
: $405 million compared to the $390.06 million average estimate based on three analysts. The reported number represents a change of +10.1% year over year.
Net Sales- Front Line Care
: $296 million versus $293.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.
Net Sales- Other
: $22 million compared to the $14.38 million average estimate based on four analysts. The reported number represents a change of 0% year over year.
Net Sales- Advanced Surgery
: $277 million versus $282.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
Net Sales- Pharmaceuticals
: $602 million versus $578.50 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.5% change.
Net Sales- Acute Therapies
: $201 million versus the four-analyst average estimate of $190.81 million. The reported number represents a year-over-year change of +11.7%.
Net Sales- Healthcare Systems and Technologies
: $748 million versus $719.40 million estimated by three analysts on average.
Net Sales- Medical Products and Therapies
: $1.32 billion versus the three-analyst average estimate of $1.32 billion.
Net Sales- Chronic Therapies
: $917 million versus $920.56 million estimated by three analysts on average.
Shares of Baxter have returned +3.1% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Baxter (BAX) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Baxter International (BAX - Free Report) reported revenue of $3.81 billion, up 2.8% over the same period last year. EPS came in at $0.68, compared to $0.55 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.74 billion, representing a surprise of +1.80%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Baxter performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Baxter here>>>Net Sales- Acute Therapies- U.S.
$77 million compared to the $68.10 million average estimate based on three analysts. The reported number represents a change of +28.3% year over year.Geographic Net Sales- International
: $2.02 billion versus $1.98 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3% change.Net Sales- Pharmaceuticals- U.S.
$197 million versus the three-analyst average estimate of $190.48 million. The reported number represents a year-over-year change of +8.2%.Net Sales- Pharmaceuticals- International
: $405 million compared to the $390.06 million average estimate based on three analysts. The reported number represents a change of +10.1% year over year.Net Sales- Front Line Care
: $296 million versus $293.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.Net Sales- Other
: $22 million compared to the $14.38 million average estimate based on four analysts. The reported number represents a change of 0% year over year.Net Sales- Advanced Surgery
: $277 million versus $282.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.Net Sales- Pharmaceuticals
: $602 million versus $578.50 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.5% change.Net Sales- Acute Therapies
: $201 million versus the four-analyst average estimate of $190.81 million. The reported number represents a year-over-year change of +11.7%.Net Sales- Healthcare Systems and Technologies
: $748 million versus $719.40 million estimated by three analysts on average.Net Sales- Medical Products and Therapies
: $1.32 billion versus the three-analyst average estimate of $1.32 billion.Net Sales- Chronic Therapies
: $917 million versus $920.56 million estimated by three analysts on average.Shares of Baxter have returned +3.1% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.