Becton, Dickinson Earnings: Everything You Must Know Now

Becton, Dickinson and Company (NYSE:BDX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Becton, Dickinson and Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.11% to $1.39 in the quarter versus EPS of $1.31 in the year-earlier quarter.

Revenue: Rose 0.46% to $2 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Becton, Dickinson and Company reported adjusted EPS income of $1.39 per share. By that measure, the company beat the mean analyst estimate of $1.35. It beat the average revenue estimate of $1.99 billion.

Quoting Management: “We continued to deliver solid performance in the second quarter. Our results for the first half of the year give us the confidence to raise guidance for fiscal year 2013,” said Vincent A. Forlenza, Chairman, CEO and President. “Additionally, our recent announcements of the BD Simplistâ„¢ product line and the Cato Software acquisition demonstrate how we are continuing to invest in innovation both organically and through strategic acquisition opportunities. We believe we are well positioned for continued success in fiscal year 2013 and beyond.”

Key Stats (on next page)…

Revenue increased 5.25% from $1.9 billion in the previous quarter. EPS increased 2.96% from $1.35 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.54 to a profit $1.52. For the current year, the average estimate has moved up from a profit of $5.65 to a profit of $5.71 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)