Last quarter Baxter International (NYSE:BAX) topped estimates by 2 cents per share, and it is scheduled to report again on Thursday.
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Analysts currently expect Baxter International to come in with earnings of $1.11 per share on revenues of $3.53 billion. Analyst estimates range from $1.09 per share to $1.13 per share. Over the past three months, the average estimate has moved down from $1.12.
Last Quarter's Results
In the first quarter, profit rose 3.2% to $588 million ($1.04 a share) from $570 million (98 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.2% to $3.39 billion from $3.28 billion.
Analysts are bullish on the stock as 12 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
The stock fell $2.91 per share between May 10, 2012 and May 18, 2012.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
Revenue Estimate: $3.53 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)