Becton Dickinson First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Becton, Dickinson (NYSE:BDX) will unveil its latest earnings on Tuesday, February 5, 2013. Becton, Dickinson & Company provides healthcare institutions, life science researchers, clinical laboratories, and individual consumers with laboratory equipment, medical supplies, devices, and diagnostic products.

Becton, Dickinson Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.23 per share, a rise of 5.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.28. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.23 during the last month. For the year, analysts are projecting net income of $5.65 per share, a rise of 5.2% from last year.

Last quarter, the company came in at profit of $1.42 per share against a mean estimate of net income of $1.40 per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by one cent.

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A Look Back: In the fourth quarter of the last fiscal year, profit fell 3.6% to $289 million ($1.42 a share) from $300 million ($1.36 a share) the year earlier, but exceeded analyst expectations. Revenue fell 4.1% to $1.97 billion from $2.05 billion.

Analyst Ratings: There are mostly holds on the stock with 10 of 19 analysts surveyed giving that rating.

Wall St. Revenue Expectations: Analysts are projecting a decline of 1.6% in revenue from the year-earlier quarter to $1.86 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 1.7% in the third quarter of the last fiscal year and dropped again in the fourth quarter of the last fiscal year of the last fiscal year.

The company is trying to stem some negative momentum heading into this earnings announcement. Profit has dropped by a year-over-year average of 8% over the past four quarters.

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