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Johnson & Johnson (JNJ - Free Report) , the bellwether of healthcare companies, has a strong presence in the pharmaceutical, medical devices and consumer care markets across the world. This New Jersey-based company is well known for its baby-care products and brands like Tylenol in addition to drugs like Remicade and Concerta.
However, like many of its peers, JNJ is facing generic competition and pricing pressure for some of the products in its pharmaceutical segment. JNJ also had issues with its consumer segment manufacturing facilities.
In this scenario, investor focus remains on late-stage pipeline candidates and their commercial potential as well as the performance of new products apart from the usual top-and bottom-line numbers.
JNJ has a pretty good earnings track record with the company delivering positive earnings surprises in each of the last four quarters with an average surprise of 2.43%. Estimates have risen slightly over the past 7 days.
Currently, JNJ has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings Beat: JNJ beat on first quarter earnings - the company reported EPS of $1.83 while our consensus called for EPS of $1.77.
Revenues Miss: Revenues were, however, below expectations. Johnson & Johnson posted revenues of $17.8 billion, compared to our consensus estimate of $18.0 billion.
Key Statistics: The Pharmaceutical segment sales grew 0.8% year over year to $8.25 billion, reflecting 1.4% operational growth and a 0.6% negative currency impact.
Stock Price Impact: Shares declined around 1% in pre-market trading.
Check back later for our full write up on this JNJ earnings report later!
Sell These Stocks Now
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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J&J (JNJ) Beats on Q1 Earnings, Sales Miss Again
Johnson & Johnson (JNJ - Free Report) , the bellwether of healthcare companies, has a strong presence in the pharmaceutical, medical devices and consumer care markets across the world. This New Jersey-based company is well known for its baby-care products and brands like Tylenol in addition to drugs like Remicade and Concerta.
However, like many of its peers, JNJ is facing generic competition and pricing pressure for some of the products in its pharmaceutical segment. JNJ also had issues with its consumer segment manufacturing facilities.
In this scenario, investor focus remains on late-stage pipeline candidates and their commercial potential as well as the performance of new products apart from the usual top-and bottom-line numbers.
JNJ has a pretty good earnings track record with the company delivering positive earnings surprises in each of the last four quarters with an average surprise of 2.43%. Estimates have risen slightly over the past 7 days.
Currently, JNJ has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings Beat: JNJ beat on first quarter earnings - the company reported EPS of $1.83 while our consensus called for EPS of $1.77.
Revenues Miss: Revenues were, however, below expectations. Johnson & Johnson posted revenues of $17.8 billion, compared to our consensus estimate of $18.0 billion.
Key Statistics: The Pharmaceutical segment sales grew 0.8% year over year to $8.25 billion, reflecting 1.4% operational growth and a 0.6% negative currency impact.
Stock Price Impact: Shares declined around 1% in pre-market trading.
Johnson & Johnson Price and Consensus
Johnson & Johnson Price and Consensus | Johnson & Johnson Quote
Check back later for our full write up on this JNJ earnings report later!
Sell These Stocks Now
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>