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Compared to Estimates, Bristol Myers (BMY) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, Bristol Myers Squibb (BMY - Free Report) reported revenue of $10.97 billion, down 2.3% over the same period last year. EPS came in at $2.00, compared to $1.99 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $10.94 billion, representing a surprise of +0.28%. The company delivered an EPS surprise of +13.64%, with the consensus EPS estimate being $1.76.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Bristol Myers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- New Product Portfolio- Sotyktu- U.S. $62 million compared to the $36.25 million average estimate based on four analysts.
Net Sales- New Product Portfolio- Sotyktu- Non-U.S. $4 million versus $2.88 million estimated by four analysts on average.
Net Sales- New Product Portfolio- Camzyos- U.S. $67 million versus $64.38 million estimated by four analysts on average.
Net Sales- New Product Portfolio- Opdualag- Non U.S. $4 million versus $3.95 million estimated by four analysts on average.
Net Sales- New Product Portfolio- Sotyktu: $66 million versus the five-analyst average estimate of $41.10 million.
Net Sales- New Product Portfolio- Camzyos: $68 million versus the five-analyst average estimate of $65.70 million.
Net Sales- In-Line Products- Orencia: $925 million versus $927.56 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
Net Sales- In-Line Products- Sprycel: $517 million versus $514.94 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.7% change.
Net Sales- In-Line Products- Yervoy: $579 million compared to the $565.66 million average estimate based on five analysts. The reported number represents a change of +10.7% year over year.
Net Sales- In-Line Products- Eliquis: $2.71 billion versus $2.83 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
Net Sales- In-Line Products- Mature and other products: $476 million versus $478.83 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -18.6% change.
Net Sales- New Product Portfolio- Opdualag: $166 million versus the five-analyst average estimate of $181.10 million. The reported number represents a year-over-year change of +97.6%.
Shares of Bristol Myers have returned -2.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Bristol Myers (BMY) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Bristol Myers Squibb (BMY - Free Report) reported revenue of $10.97 billion, down 2.3% over the same period last year. EPS came in at $2.00, compared to $1.99 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $10.94 billion, representing a surprise of +0.28%. The company delivered an EPS surprise of +13.64%, with the consensus EPS estimate being $1.76.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Bristol Myers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- New Product Portfolio- Sotyktu- U.S. $62 million compared to the $36.25 million average estimate based on four analysts.
- Net Sales- New Product Portfolio- Sotyktu- Non-U.S. $4 million versus $2.88 million estimated by four analysts on average.
- Net Sales- New Product Portfolio- Camzyos- U.S. $67 million versus $64.38 million estimated by four analysts on average.
- Net Sales- New Product Portfolio- Opdualag- Non U.S. $4 million versus $3.95 million estimated by four analysts on average.
- Net Sales- New Product Portfolio- Sotyktu: $66 million versus the five-analyst average estimate of $41.10 million.
- Net Sales- New Product Portfolio- Camzyos: $68 million versus the five-analyst average estimate of $65.70 million.
- Net Sales- In-Line Products- Orencia: $925 million versus $927.56 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
- Net Sales- In-Line Products- Sprycel: $517 million versus $514.94 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.7% change.
- Net Sales- In-Line Products- Yervoy: $579 million compared to the $565.66 million average estimate based on five analysts. The reported number represents a change of +10.7% year over year.
- Net Sales- In-Line Products- Eliquis: $2.71 billion versus $2.83 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
- Net Sales- In-Line Products- Mature and other products: $476 million versus $478.83 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -18.6% change.
- Net Sales- New Product Portfolio- Opdualag: $166 million versus the five-analyst average estimate of $181.10 million. The reported number represents a year-over-year change of +97.6%.
View all Key Company Metrics for Bristol Myers here>>>Shares of Bristol Myers have returned -2.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.