Baxter International Inc reports results for the quarter ended June 30 - Earnings Summary

• Baxter International Inc BAX.N reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 59 cents to 64 cents per share.

• Revenue fell 26.3% to $2.81 billion from a year ago; analysts expected $2.82 billion.

• Baxter International Inc's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $91 million.

• Baxter International Inc shares had fallen by 7.4% this quarter and lost 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 11 "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 $35.50, about 21% above its last closing price of $28.05

This summary was machine generated from LSEG data July 31 at 02:31 p.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)