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Becton Dickinson (BDX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Becton Dickinson (BDX - Free Report) reported $4.88 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 5.1%. EPS of $2.96 for the same period compares to $2.66 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.83 billion, representing a surprise of +1.00%. The company delivered an EPS surprise of +2.42%, with the consensus EPS estimate being $2.89.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Becton Dickinson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues-BD Life Sciences-United States [$M]: $546 million compared to the $600.78 million average estimate based on four analysts. The reported number represents a change of -15.5% year over year.
Revenues-BD Medical-International: $1.03 billion versus the four-analyst average estimate of $1.01 billion. The reported number represents a year-over-year change of +6.4%.
Revenues-BD Medical-Medication Management Solutions-US [$M]: $587 million versus the four-analyst average estimate of $532.81 million. The reported number represents a year-over-year change of +26.8%.
Revenues-BD Life Sciences - Integrated Diagnostic Solutions - US: $398 million compared to the $451.83 million average estimate based on four analysts.
Revenues-BD Medical-Medication Delivery Solutions: $1.09 billion versus the six-analyst average estimate of $1.10 billion. The reported number represents a year-over-year change of +2.4%.
Revenues-BD Medical-Pharmaceutical Systems [$M]: $594 million versus $568.54 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +13.6% change.
Revenues-BD Life Sciences [$M]: $1.23 billion versus the six-analyst average estimate of $1.27 billion. The reported number represents a year-over-year change of -6.3%.
Revenues-BD Medical-Medication Management Solutions [$M]: $754 million versus $690.04 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +24.2% change.
Revenues-BD Life Sciences- Total Integrated Diagnostic Solutions: $858 million versus the six-analyst average estimate of $912.37 million.
Revenues-BD Medical [$M]: $2.43 billion compared to the $2.35 billion average estimate based on six analysts. The reported number represents a change of +11.1% year over year.
Revenues-BD Interventional: $1.22 billion compared to the $1.20 billion average estimate based on six analysts. The reported number represents a change of +6.7% year over year.
Revenues-BD Interventional - Surgery: $388 million versus the six-analyst average estimate of $370.09 million. The reported number represents a year-over-year change of +10.2%.
Shares of Becton Dickinson have returned +6.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Becton Dickinson (BDX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Becton Dickinson (BDX - Free Report) reported $4.88 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 5.1%. EPS of $2.96 for the same period compares to $2.66 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.83 billion, representing a surprise of +1.00%. The company delivered an EPS surprise of +2.42%, with the consensus EPS estimate being $2.89.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Becton Dickinson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues-BD Life Sciences-United States [$M]: $546 million compared to the $600.78 million average estimate based on four analysts. The reported number represents a change of -15.5% year over year.
- Revenues-BD Medical-International: $1.03 billion versus the four-analyst average estimate of $1.01 billion. The reported number represents a year-over-year change of +6.4%.
- Revenues-BD Medical-Medication Management Solutions-US [$M]: $587 million versus the four-analyst average estimate of $532.81 million. The reported number represents a year-over-year change of +26.8%.
- Revenues-BD Life Sciences - Integrated Diagnostic Solutions - US: $398 million compared to the $451.83 million average estimate based on four analysts.
- Revenues-BD Medical-Medication Delivery Solutions: $1.09 billion versus the six-analyst average estimate of $1.10 billion. The reported number represents a year-over-year change of +2.4%.
- Revenues-BD Medical-Pharmaceutical Systems [$M]: $594 million versus $568.54 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +13.6% change.
- Revenues-BD Life Sciences [$M]: $1.23 billion versus the six-analyst average estimate of $1.27 billion. The reported number represents a year-over-year change of -6.3%.
- Revenues-BD Medical-Medication Management Solutions [$M]: $754 million versus $690.04 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +24.2% change.
- Revenues-BD Life Sciences- Total Integrated Diagnostic Solutions: $858 million versus the six-analyst average estimate of $912.37 million.
- Revenues-BD Medical [$M]: $2.43 billion compared to the $2.35 billion average estimate based on six analysts. The reported number represents a change of +11.1% year over year.
- Revenues-BD Interventional: $1.22 billion compared to the $1.20 billion average estimate based on six analysts. The reported number represents a change of +6.7% year over year.
- Revenues-BD Interventional - Surgery: $388 million versus the six-analyst average estimate of $370.09 million. The reported number represents a year-over-year change of +10.2%.
View all Key Company Metrics for Becton Dickinson here>>>Shares of Becton Dickinson have returned +6.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.