What's In The Cards For Bausch Health (BHC) In Q2 Earnings?
Zacks Investment Research | Aug 01, 2019 09:06PM ET
Bausch Health Companies Inc. (NYSE:BHC) is scheduled to report second-quarter 2019 results on Aug 6, before market open.
In the last reported quarter, the company’s earnings beat estimates by 15.73%. Bausch’s earnings track record has been excellent so far. The company beat earnings expectations in the last four quarters, the average surprise being 20.51%.
Bausch’s stock has gained 29.1% in the year so far against a 4.1% decline for the Earnings ESP Filter .
Zacks Rank: Bausch carries a Zacks Rank #3, which is favorable. However, the negative ESP makes surprise prediction difficult.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Bausch Health Cos Inc. Price, Consensus and EPS Surprise
Bausch Health Cos Inc. Quote
Stocks to Consider
Here are some companies you may consider, as our model shows that these have the right combination of elements to deliver an earnings beat this reporting cycle.
Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) has an Earnings ESP of +8.77% and a Zacks Rank of 3 at present. The company is scheduled to release second-quarter results on Aug 6. You can see Zacks Investment Research
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