Market Overview

Earnings Outlook for Bausch Health Companies

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Bausch Health Companies (NYSE: BHC) unveils its next round of earnings this Tuesday, November 03. Get prepared with Benzinga's ultimate preview for Bausch Health Companies's Q3 earnings.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts predict Bausch Health Companies will report earnings of $0.96 per share on revenue of $1.98 billion. Bausch Health Companies reported a per-share profit of $1.19 when it published results during the same quarter last year. Sales in that period totaled $2.21 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street consensus estimate for earnings would represent a 19.33% decrease for the company. Revenue would have fallen 10.37% from the same quarter last year. Bausch Health Companies's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.66 0.90 1.15 1.07
EPS Actual 0.46 0.88 1.12 1.19
Revenue Estimate 1.79 B 2.04 B 2.20 B 2.16 B
Revenue Actual 1.66 B 2.01 B 2.22 B 2.21 B

Stock Performance

Over the last 52-week period, shares are down 36.13%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Bausch Health Companies is scheduled to hold the call at 08:00:00 ET and can be accessed here.

 

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Posted-In: Earnings