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

• Baxter International Inc. BAX.N reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 50 cents to 54 cents per share.

• Revenue rose 5% to $2.98 billion from a year ago; analysts expected $2.91 billion.

• Baxter International Inc.'s reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $294 million.

• Baxter International Inc. shares had risen by 6.1% this quarter and gained 33.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 13 "hold" and 1 "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 $27.00, about 5.7% above its last closing price of $25.46

This summary was machine generated from LSEG data October 29 at 02:15 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)