Earnings Preview: Becton Dickinson (BDX) Q3 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Becton Dickinson (BDX) despite an expected increase in revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Becton Dickinson is projected to report quarterly earnings of $3.42 per share, reflecting a year-over-year decrease of 2.3%, while revenues are expected to reach $5.48 billion, an increase of 9.9% from the previous year [3]. - The consensus EPS estimate has been revised down by 0.56% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][12]. Earnings Surprise Prediction - The Most Accurate Estimate for Becton Dickinson is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.40%, which complicates the prediction of an earnings beat [12]. - The company currently holds a Zacks Rank of 4, suggesting a less favorable outlook for beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Becton Dickinson exceeded the expected earnings of $3.28 per share by delivering $3.35, resulting in a surprise of +2.13% [13]. - Over the past four quarters, the company has successfully beaten consensus EPS estimates on all occasions [14]. Industry Comparison - McKesson (MCK), a competitor in the medical-dental supplies industry, is expected to report earnings of $8.23 per share, indicating a year-over-year increase of 4.4%, with revenues projected at $96.08 billion, up 21.2% from the previous year [18][19]. - McKesson's consensus EPS estimate has been revised up by 1.1% in the last 30 days, and it has an Earnings ESP of +0.14%, along with a Zacks Rank of 2, suggesting a higher likelihood of beating the consensus EPS estimate [19][20].