Bristol Myers Squibb (BMY) Advances While Market Declines: Some Information for Investors

15.04.24 23:50 Uhr

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2.533,1 PKT 17,9 PKT 0,71%

5.304,7 PKT 36,9 PKT 0,70%

Bristol Myers Squibb (BMY) ended the recent trading session at $48.51, demonstrating a +0.48% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 1.2%. Meanwhile, the Dow experienced a drop of 0.65%, and the technology-dominated Nasdaq saw a decrease of 1.79%.The the stock of biopharmaceutical company has fallen by 7.76% in the past month, lagging the Medical sector's loss of 6.57% and the S&P 500's loss of 0.85%.Analysts and investors alike will be keeping a close eye on the performance of Bristol Myers Squibb in its upcoming earnings disclosure. The company's earnings report is set to go public on April 25, 2024. The company is forecasted to report an EPS of -$4.90, showcasing a 339.02% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $11.43 billion, up 0.83% from the prior-year quarter.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.29 per share and a revenue of $45.99 billion, indicating changes of -82.82% and +2.2%, respectively, from the former year.Investors should also note any recent changes to analyst estimates for Bristol Myers Squibb. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 18.1% fall in the Zacks Consensus EPS estimate. At present, Bristol Myers Squibb boasts a Zacks Rank of #3 (Hold).From a valuation perspective, Bristol Myers Squibb is currently exchanging hands at a Forward P/E ratio of 37.35. This signifies a premium in comparison to the average Forward P/E of 22.88 for its industry.One should further note that BMY currently holds a PEG ratio of 7.47. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Medical - Biomedical and Genetics stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% echelons of all 250+ industries.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bristol Myers Squibb Company (BMY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Bristol-Myers Squibb Co.

Analysen zu Bristol-Myers Squibb Co.

DatumRatingAnalyst
03.05.2019Bristol-Myers Squibb OverweightBarclays Capital
07.12.2018Bristol-Myers Squibb OutperformBMO Capital Markets
27.04.2018Bristol-Myers Squibb Market PerformBMO Capital Markets
15.02.2018Bristol-Myers Squibb overweightMorgan Stanley
05.05.2017Bristol-Myers Squibb UnderperformBMO Capital Markets
DatumRatingAnalyst
03.05.2019Bristol-Myers Squibb OverweightBarclays Capital
07.12.2018Bristol-Myers Squibb OutperformBMO Capital Markets
27.04.2018Bristol-Myers Squibb Market PerformBMO Capital Markets
15.02.2018Bristol-Myers Squibb overweightMorgan Stanley
29.04.2016Bristol-Myers Squibb BuyUBS AG
DatumRatingAnalyst
28.10.2016Bristol-Myers Squibb HoldDeutsche Bank AG
09.09.2016Bristol-Myers Squibb Equal WeightBarclays Capital
23.05.2016Bristol-Myers Squibb NeutralJ.J.B. Hilliard, W.L. Lyons, Inc.
29.04.2016Bristol-Myers Squibb Equal WeightBarclays Capital
01.12.2015Bristol-Myers Squibb Equal WeightBarclays Capital
DatumRatingAnalyst
05.05.2017Bristol-Myers Squibb UnderperformBMO Capital Markets
27.10.2014Bristol-Myers Squibb SellMKM Partners
25.01.2008Bristol-Myers Squibb DowngradeGoldman Sachs Group Inc.
05.09.2007Bristol-Myers Squibb DowngradeGoldman Sachs Group Inc.
28.09.2006Bristol-Meyers Squibb verkaufenWertpapier

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Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"