Bristol-Myers Squibb (NYSE:BMY) reported its Q4 earnings results on Friday, February 4, 2022 at 06:59 AM.
Here's what investors need to know about the announcement.
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Earnings
Bristol-Myers Squibb beat estimated earnings by 1.67%, reporting an EPS of $1.83 versus an estimate of $1.80, which did not surprise analysts.
Revenue was up $917.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08, which was followed by a 1.13% increase in the share price the next day.
Here's a look at Bristol-Myers Squibb's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.92 | 1.91 | 1.82 | 1.41 |
| EPS Actual | 2 | 1.93 | 1.74 | 1.46 |
| Revenue Estimate | 11.58B | 11.33B | 11.11B | 10.73B |
| Revenue Actual | 11.62B | 11.70B | 11.07B | 11.07B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Bristol-Myers Squibb management provided guidance for their next quarter, expecting earnings between $7.65 and $7.95 per share for the next quarter.
This represents a 326.23% in quarter-over-quarter growth for Bristol-Myers Squibb, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
