Johnson & Johnson (NYSE:JNJ) 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. Shares are up 0.77%.
Johnson & Johnson Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.85% to $1.48 in the quarter versus EPS of $1.30 in the year-earlier quarter.
Revenue: Rose 8.51% to $17.88 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Johnson & Johnson reported adjusted EPS income of $1.48 per share. By that measure, the company beat the mean analyst estimate of $1.39. It beat the average revenue estimate of $17.71 billion.
Quoting Management: “Our strong second-quarter results reflect the progress we’ve made against our near-term priorities of delivering on our financial commitments, restoring a reliable supply of over-the-counter products to consumers, continuing the successful integration of Synthes and building on the momentum in our pharmaceutical business,” said Alex Gorsky, Chairman and Chief Executive Officer. “Our talented colleagues at Johnson & Johnson continue to bring meaningful innovations to patients and consumers around the world and have positioned us well to deliver sustainable growth.”
Key Stats (on next page)…
Revenue increased 2.13% from $17.51 billion in the previous quarter. EPS increased 2.78% from $1.44 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 $1.34 to a profit $1.33. For the current year, the average estimate is a profit of $5.41, which is the same with that ninety days ago.
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)