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Compared to Estimates, Bristol Myers (BMY) Q3 Earnings: A Look at Key Metrics
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Bristol Myers Squibb (BMY - Free Report) reported $11.89 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.4%. EPS of $1.80 for the same period compares to $2.00 a year ago.
The reported revenue represents a surprise of +5.07% over the Zacks Consensus Estimate of $11.32 billion. With the consensus EPS estimate being $1.49, the EPS surprise was +20.81%.
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 Bristol Myers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Revenues- U.S. $8.23 billion compared to the $7.87 billion average estimate based on three analysts. The reported number represents a change of +7.9% year over year.
Net Sales- New Product Portfolio- Sotyktu- International: $15 million compared to the $16.38 million average estimate based on three analysts. The reported number represents a change of +275% year over year.
Net Sales- In-Line Products- Orencia- International: $230 million compared to the $207.42 million average estimate based on three analysts. The reported number represents a change of +11.7% year over year.
Net Sales- In-Line Products- Orencia- U.S. $706 million versus the three-analyst average estimate of $701.38 million. The reported number represents a year-over-year change of -1.8%.
Net Sales- In-Line Products- Orencia: $936 million versus the four-analyst average estimate of $896.85 million. The reported number represents a year-over-year change of +1.2%.
Net Sales- New Product Portfolio- Sotyktu: $66 million versus the four-analyst average estimate of $68.62 million. The reported number represents a year-over-year change of 0%.
Net Sales- In-Line Products- Yervoy: $642 million versus the four-analyst average estimate of $616.83 million. The reported number represents a year-over-year change of +10.9%.
Net Sales- In-Line Products- Eliquis: $3 billion versus $2.87 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
Net Sales- In-Line Products- Sprycel: $290 million versus $332.02 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -43.9% change.
Net Sales- New Product Portfolio- Camzyos: $156 million compared to the $150.16 million average estimate based on four analysts. The reported number represents a change of +129.4% year over year.
Net Sales- In-Line Products- Opdivo: $2.36 billion versus $2.42 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
Net Sales- Recent LOE Products- Revlimid: $1.41 billion versus $1.04 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
Shares of Bristol Myers have returned -2.1% over the past month versus the Zacks S&P 500 composite's +1% 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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Compared to Estimates, Bristol Myers (BMY) Q3 Earnings: A Look at Key Metrics
Bristol Myers Squibb (BMY - Free Report) reported $11.89 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.4%. EPS of $1.80 for the same period compares to $2.00 a year ago.
The reported revenue represents a surprise of +5.07% over the Zacks Consensus Estimate of $11.32 billion. With the consensus EPS estimate being $1.49, the EPS surprise was +20.81%.
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 Bristol Myers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Revenues- U.S. $8.23 billion compared to the $7.87 billion average estimate based on three analysts. The reported number represents a change of +7.9% year over year.
- Net Sales- New Product Portfolio- Sotyktu- International: $15 million compared to the $16.38 million average estimate based on three analysts. The reported number represents a change of +275% year over year.
- Net Sales- In-Line Products- Orencia- International: $230 million compared to the $207.42 million average estimate based on three analysts. The reported number represents a change of +11.7% year over year.
- Net Sales- In-Line Products- Orencia- U.S. $706 million versus the three-analyst average estimate of $701.38 million. The reported number represents a year-over-year change of -1.8%.
- Net Sales- In-Line Products- Orencia: $936 million versus the four-analyst average estimate of $896.85 million. The reported number represents a year-over-year change of +1.2%.
- Net Sales- New Product Portfolio- Sotyktu: $66 million versus the four-analyst average estimate of $68.62 million. The reported number represents a year-over-year change of 0%.
- Net Sales- In-Line Products- Yervoy: $642 million versus the four-analyst average estimate of $616.83 million. The reported number represents a year-over-year change of +10.9%.
- Net Sales- In-Line Products- Eliquis: $3 billion versus $2.87 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
- Net Sales- In-Line Products- Sprycel: $290 million versus $332.02 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -43.9% change.
- Net Sales- New Product Portfolio- Camzyos: $156 million compared to the $150.16 million average estimate based on four analysts. The reported number represents a change of +129.4% year over year.
- Net Sales- In-Line Products- Opdivo: $2.36 billion versus $2.42 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
- Net Sales- Recent LOE Products- Revlimid: $1.41 billion versus $1.04 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
View all Key Company Metrics for Bristol Myers here>>>Shares of Bristol Myers have returned -2.1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.