Baxter Intl (NYSE:BAX) reported its Q1 earnings results on Thursday, April 28, 2022 at 07:15 AM.
Here's what investors need to know about the announcement.
Earnings
Baxter Intl beat estimated earnings by 16.25%, reporting an EPS of $0.93 versus an estimate of $0.8.
Revenue was up $761.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 0.54% drop in the share price the next day.
Here's a look at Baxter Intl's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.03 | 0.94 | 0.75 | 0.65 |
| EPS Actual | 1.04 | 1.02 | 0.80 | 0.76 |
| Revenue Estimate | 3.35B | 3.23B | 3.11B | 2.90B |
| Revenue Actual | 3.51B | 3.23B | 3.10B | 2.95B |
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
Baxter Intl management provided guidance for Q2 2022, expecting earnings between $0.86 and $0.89 per share.
To track all earnings releases for Baxter Intl visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
