Baxter International Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Baxter International (NYSE:BAX) will unveil its latest earnings on Thursday, January 24, 2013. Baxter International is a company that develops and manufactures healthcare products that save and sustain the lives of people with chronic, acute illnesses.

Baxter International Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.26 per share, a rise of 7.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 5.1% compared to last year’s $4.53.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported net income of $1.14 per share versus a mean estimate of profit of $1.14 per share. In the second quarter, the company beat estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $3.72 billion in revenue this quarter, a rise of 3.6% from the year-ago quarter. Analysts are forecasting total revenue of $14.16 billion for the year, a rise of 1.9% from last year’s revenue of $13.89 billion.

Analyst Ratings: With 12 analysts rating the stock a buy, none rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.

A Look Back: In the third quarter, profit rose 1.2% to $583 million ($1.06 a share) from $576 million ($1.01 a share) the year earlier, meeting analyst expectations. Revenue remained stable at $3.48 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 3.2% in the first quarter and 7.5% in the second quarter before increasing again in the third quarter.

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 2.7% in the fourth quarter of the last fiscal year, 3.2% in the first quarter and 1%in the second quarter before dropping in the third quarter.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)