Bristol-Myers Squibb (NYSE:BMY) is set to give its latest quarterly earnings report on Friday, 2022-02-04. Here's what investors need to know before the announcement.
Analysts estimate that Bristol-Myers Squibb will likely report an Earnings Per Share (EPS) of $1.80.
Bristol-Myers Squibb bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Past Earnings Performance
Last quarter the company beat 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 and the resulting price change:
| 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 |
| Price Change % | 1.13% | -0.84% | -0.75% | -1.04% |
Stock Performance
Shares of Bristol-Myers Squibb were trading at $64.8 as of February 02. Over the last 52-week period, shares are up 5.65%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
