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On Tuesday, July 16, Johnson & Johnson (NYSE:JNJ) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
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Johnson & Johnson EPS is expected to be around $2.43, according to sell-side analysts. Sales will likely be near $20.29 billion.
Johnson & Johnson earnings in the same period a year ago was $2.10. Quarterly sales came in at $20.83 billion. If the company were to match the consensus estimate when it reports Tuesday, earnings would be up 15.71%. Sales would have fallen 2.59% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 2.08 | 1.95 | 2.03 | 2.06 |
| EPS Actual | 2.100 | 1.97 | 2.05 | 2.1 |
Stock Performance
Shares of Johnson & Johnson were trading at $134.30 as of July 15. Over the last 52-week period, shares are up 5.12%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The most common rating by analysts on Johnson & Johnson stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Johnson & Johnson is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here: https://johnsonandjohnson.gcs-web.com/events-and-presentations
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.