Becton Dickinson Q3 revenue beats on product launches
Becton Dickinson Q3 revenue beats on product launches
Overview
US medical technology firm's fiscal Q3 revenue rose 5.4%, beating analyst expectations
Adjusted EPS for fiscal Q3 increased 4.9%, beating analyst expectations
Company raised midpoint of full-year adjusted EPS guidance, expects revenue growth toward high end
Outlook
Company expects full-year revenue growth toward the high end of its range
Becton Dickinson raises midpoint of full-year adjusted diluted EPS guidance to $12.62-$12.72
Company maintains full-year GAAP revenue growth outlook at low single-digit plus
Result Drivers
SEGMENT GROWTH - Co cited strong momentum across Medical Essentials, Connected Care, BioPharma Systems and Interventional segments following spin-off
PRODUCT LAUNCHES AND COLLABORATIONS - Recent launches and partnerships, including Vizient contract for CentroVena One and semaglutide launch with EMS, contributed to segment performance
DISCIPLINED EXECUTION - Management attributed margin expansion and adjusted EPS growth to disciplined execution and strategic capital allocation
Company press release: ID:nPn78LCp3a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $4.98 bln | $4.89 bln (11 Analysts) |
Q3 Adjusted EPS | Beat | $3.23 | $3.14 (11 Analysts) |
Q3 EPS |
| $1.64 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and no "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 Becton Dickinson and Co is $182.00, about 6.6% above its August 5 closing price of $170.66
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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