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BAX — Baxter International News Story

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Baxter Q3 revenue misses estimates

Overview

Baxter Q3 revenue increases 5% but misses analyst expectations

Adjusted EPS for Q3 beats analyst estimates, rising 41% year-over-year

Andrew Hider appointed as new CEO to drive growth and improvement

Outlook

Baxter expects full-year sales growth of 4% to 5% on a reported basis

Company forecasts full-year adjusted EPS of $2.35 to $2.40

Baxter anticipates Q4 sales growth of 2% on a reported basis

Result Drivers

MEDICAL PRODUCTS DECLINE - Lower infusion pump sales and reduced IV solutions demand due to post-Hurricane Helene fluid conservation efforts

HEALTHCARE SYSTEMS GROWTH - Increased demand for Care & Connectivity Solutions products and Front Line Care division improvements

PHARMACEUTICALS STRENGTH - Increased volumes in select international markets and steady contributions from Injectables portfolio

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMiss$2.83 bln$2.87 bln (11 Analysts)
Q3 Adjusted EPSBeat$0.69$0.59 (12 Analysts)
Q3 EPS-$0.10
Q3 Net Income-$46 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 13 "hold" and 2 "sell" or "strong sell" The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy." Wall Street's median 12-month price target for Baxter International Inc is $25.00, about 10.3% above its October 29 closing price of $22.42 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: ID:nBw17SmwXa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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