Analysts Adjust Forecasts for Johnson & Johnson Earnings Ahead
Johnson & Johnson Earnings Release Overview
Johnson & Johnson (NYSE: JNJ) is set to release its earnings results for the third quarter. This announcement is anticipated before the market opens, capturing the attention of investors and analysts alike.
Expectations Ahead of the Earnings Call
Forecasts indicate that Johnson & Johnson is expected to report earnings of $2.21 per share for the quarter. This is a decrease from the $2.66 reported in the same quarter last year. Analysts also predict that the company's revenue will reach $22.16 billion, a slight increase from last year’s $21.03 billion. Such financial updates are pivotal as they reflect the company's performance and market positioning.
Recent Acquisition Impacts
On October 9, Johnson & Johnson announced the completion of its acquisition of V-Wave, indicating strategic moves to enhance its business operations. This acquisition is expected to fortify their portfolio and potentially drive revenue growth.
Market Reaction to Previous Sessions
In the lead-up to these results, Johnson & Johnson's stock showed a modest increase, gaining 0.6% to close at $161.46. Such movements in stock price prior to earnings calls can often reflect investor sentiment and market speculation.
Insight from Analysts
Analysts frequently reassess their ratings and price targets based on emerging data and market conditions. Recently, the most accurate analysts have shared their insights regarding Johnson & Johnson's stock performance:
- Cantor Fitzgerald’s analyst Louise Chen has reaffirmed an Overweight rating with a price target set at $215, showcasing a solid accuracy rate of 67%.
- TD Cowen’s Joshua Jennings maintained a Buy rating but lowered the target price from $195 to $185, reflecting an accuracy rate of 61%.
- Meanwhile, Terence Flynn from Morgan Stanley kept an Equal-Weight rating, raising the price target slightly from $167 to $169, with an impressive accuracy of 70%.
- B of A Securities analyst Geoff Meacham adjusted his Neutral rating, reducing the target price from $180 to $170, supported by a 61% accuracy rating.
- Lastly, BMO Capital analyst James Fotheringham retained a Market Perform rating, increasing the target from $57 to $59, achieving a notable accuracy rate of 75%.
Considering JNJ Stock?
If you're contemplating an investment in Johnson & Johnson, these expert opinions can aid you in making informed decisions. Keep a close watch on how these predictions align with the company's actual performance following the earnings announcement.
Frequently Asked Questions
When will Johnson & Johnson announce its earnings results?
The company is expected to release its earnings results before the market opens.
What are the earnings expectations for Johnson & Johnson?
Analysts anticipate earnings of $2.21 per share, which is a decrease from last year.
What recent acquisition has Johnson & Johnson completed?
Johnson & Johnson recently completed its acquisition of V-Wave.
How have analysts rated Johnson & Johnson recently?
Analysts have provided various ratings ranging from Overweight to Neutral, with adjusted price targets reflecting current market assessments.
What was the recent stock price movement for JNJ?
Johnson & Johnson shares increased by 0.6%, closing at $161.46 ahead of the earnings announcement.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Transcat's Upcoming Conference Call for Fiscal Year 2025
- Teradata's Upcoming Earnings Call: What to Expect and More
- Hims & Hers Set to Unveil Q3 2024 Financial Insights Soon
- California Water Service Group Earns Recognition for Sustainability
- Palantir Technologies Prepares for Third Quarter Earnings Call
- Utz Brands Prepares for Key Financial Report Release Soon
- Intermex's Third Quarter Earnings Announcement Details
- Deckers Brands Prepares for Q2 Fiscal 2025 Earnings Call Review
- BGSF, Inc.'s Upcoming Earnings Call and Financial Release Details
- Veterans Push for Psilocybin Legalization in Massachusetts
Recent Articles
- Addressing the Threat: Canada’s Response to Extremism and Violence
- Teamsters Unite in Kansas City: A Call for Fair Labor Practices
- NAVC's Evolve VetED HiVE: Shaping the Future of Vet Education
- SoFi Technologies' Loan Deal Sparks Investor Optimism and Growth
- Hingham Institution for Savings Stock Surges to New Highs
- Australian Oilseeds Faces Market Turbulence Amid Challenges
- Douglas Emmett Stock Surges to New Heights: Insights Explained
- Build-A-Bear Workshop Achieves New Stock Milestone
- Hyundai India IPO Achieves Historic $3.3 Billion Milestone
- UK Government's Bold Move to Revitalize Investment Landscape
- Legendary Entertainment Acquires Dalian Wanda's Stake in Studio
- Market Shakeup: Bears Flee as $118 Million Liquidated
- Pfizer and Eli Lilly: Discovering Value in Pharma Stocks
- Qualcomm Projected Growth: Analyst Predicts Significant Surge
- Class Action Lawsuit Notifications for Ardelyx Investors
- Sirius XM: Buffett's Bold Buy Sparks New Investment Interest
- Investors Urged to Take Action Against Spire Global, Inc. (SPIR)
- Greenidge Generation Shares Surge After Positive Q3 Updates
- NIO Stock Reacts to Economic Changes: What Investors Should Know
- Top Meme Coins for the Upcoming Crypto Supercycle Revealed
- Exciting Developments at the Texas Nuclear Summit Event
- Do it Best Eyes Strategic Growth with True Value Acquisition
- Willie Nelson Advocates for Texas Marijuana Decriminalization
- Metropolitan Transportation Authority's Bonds Rated AA With Stability
- Understanding Short Interest Trends: Insights on Redfin
- WC DIGIT Coalition Aims to Transform Workers’ Compensation
- Understanding Yum China Holdings: Insights into Market Trends
- Ten Four Truck Insurance Welcomes Chris Johnstone on Board
- Key Insights on Freeport-McMoRan's Rising Short Interest
- Investing in Pinterest: What You Need to Know for Growth
- Kindred Group Welcomes New Directors to Strengthen Governance
- Do it Best Pursues Strategic Acquisition of True Value Assets
- Leadership Transitions at Kindred Group: New Board Members
- Join the Class Action Against New Fortress Energy: Deadline Nears
- Opportunity for Coinbase Investors Amid Securities Class Action
- Important Updates for Investors in WEBTOON Entertainment Inc.
- Terran Orbital Investors Urged to Take Action on Securities Fraud
- Key Insights on iLearningEngines Class Action Lawsuit - AILE
- Evolus Inc Achieves Remarkable Stock Milestone at $17.75
- Nvidia Approaches Apple in Race for Market Dominance
- Significant Gains from Investing in Devon Energy Stock
- 10-Year Investment Growth: The Case of Verisk Analytics
- Impact of Rising Expenses on Fifth Third's Upcoming Earnings
- Qualcomm's Snapdragon 8 Gen 4: Expected Surge in Shipments Ahead
- The Remarkable Growth of Cboe Global Markets Over a Decade
- Understanding Fastenal's Short Interest Trends and Implications
- Transforming a Small Investment into Significant Gains with GWW
- Understanding Novartis's Short Interest Dynamics
- Recent Trends in Charter Communications Short Selling Dynamics
- Understanding Short Interest Trends for FTAI Aviation Stocks