Bausch Health Companies Inc reports results for the quarter ended in December - Earnings Summary

Bausch Health Companies

23/02/2024 03:02

* Bausch Health Companies Inc  BHC.TO  reported quarterly
adjusted
earnings of $1.15​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.03.  The mean expectation of six analysts for
the quarter was for earnings of $1.00 per share. Wall Street
expected results to range from 99 cents to $1.03 per share.
    * Revenue rose 9.8% to $2.41 billion from a year ago;
analysts
expected $2.30 billion. 
    * Bausch Health Companies Inc's reported EPS for the quarter
was a
loss of 11 cents​.
    * The company reported a quarterly loss of $39 million.
    * Bausch Health Companies Inc shares had risen by 10.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "hold"

Wall Street's median 12-month price target for Bausch Health
Companies Inc is $8.75 
This summary was machine generated from LSEG data February 23 at
03:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.00           1.15           Beat
 Sep. 30 2023      0.90           1.02           Beat
 Jun. 30 2023      0.76           0.82           Beat
 Mar. 31 2023      0.72           0.52           Missed