Analyst Consensus ?
ConsensusHold33 ratings
Bullish1648.5%
Neutral1648.5%
Bearish13.0%
Becton, Dickinson and Company · BDX · FY2025 Q1 · Calendar Q1 2025
BD reports strong Q1 as it plans Biosciences separation
BD's quarter supports a constructive operating view through revenue growth, margin expansion, maintained revenue-growth guidance and a higher adjusted EPS range. The investment case is tempered by research-spending uncertainty, tariff exposure, foreign-exchange pressure and the execution demands of the planned separation.
Reported Before market openNYSEHealthcare
$49.64B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $3.00
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $5.13B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-7.3%
Event window
SPY move
+0.3%
Same window
Abnormal move
-7.6%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
+1.0%
Up to 20 sessions
BDXSPY benchmark
Ask FN2 about BDX FY2025 Q1
Transcript, numbers and history already loaded
What drove BDX's -7.3% move after FY2025 Q1 earnings?What changed in BDX's guidance and outlook in FY2025 Q1?Give me the bull and bear case for BDX after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
BD announced an intention to separate its Biosciences and Diagnostic Solutions business from the rest of the company, forming New BD as a pure-play MedTech company. The quarter also brought updated FY25 adjusted EPS guidance of $14.30-$14.60 while maintaining the revenue-growth outlook.
Guidance delta
FY25 revenue-growth guidance was maintained; adjusted EPS guidance was updated to $14.30-$14.60.
Key takeaways
- Q1 revenue grew 9.6%, including 3.9% organic growth, with margin expansion.
- BD announced plans to separate Biosciences and Diagnostic Solutions, creating New BD as a pure-play MedTech company.
- Management highlighted progress in infusion, monitoring, resorbable mesh, flow cytometry and molecular diagnostics.
- Shareholder returns included more than $1 billion via dividends and a $750 million accelerated buyback.
- China and U.S. research-funding conditions, tariffs and separation execution remain important watch points.
Management priorities
- Advance the separation structure and seek shareholder approval by the end of FY25.
- Launch the BD FACSDiscover Analyzer A8 in the second half of FY25.
- Integrate Advanced Patient Monitoring technology with the Alaris platform.
- Expand Phasix mesh trials and pursue commercial rollout.
- Focus post-separation capital on high-growth, high-margin M&A opportunities.
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Beat
Miss
Match
Analyst 52W Price Targets
$183.75Current
$159Low
$199.13Average
$235.85High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| B of A Securities | Neutral | Neutral | Maintain | Aug 31, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 13, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 7, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 7, 2026 |
| TD Cowen | Hold | Hold | Maintain | Aug 5, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 6, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 11, 2026 |
| Argus Research | Buy | Buy | Maintain | Mar 23, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Feb 10, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 10, 2026 |
| Stifel | Buy | Buy | Maintain | Jan 7, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Dec 2, 2025 |
| William Blair | Market Perform | Outperform | Downgrade | May 1, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 2, 2024 |
| Keybanc | Overweight | Sector Weight | Upgrade | Apr 12, 2023 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 23, 2022 |
| SVB Leerink | Market Perform | Market Perform | Maintain | Feb 4, 2022 |
| UBS | Neutral | Neutral | Maintain | Aug 10, 2020 |
| CFRA | Hold | Hold | Maintain | May 8, 2020 |
| Cowen & Co. | Market Perform | Outperform | Downgrade | Feb 7, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Dec 16, 2019 |
| BMO Capital | Market Perform | Market Perform | Maintain | May 10, 2019 |
| Deutsche Bank | Buy | Buy | Maintain | Dec 7, 2018 |
| Bank of America | Neutral | Neutral | Maintain | Nov 5, 2014 |
| Canaccord Genuity | Hold | Hold | Maintain | Oct 7, 2014 |
| Argus | Buy | Buy | Maintain | Oct 7, 2014 |
| PiperJaffray | Overweight | Neutral | Upgrade | Sep 18, 2013 |
| ISI Group | Buy | Buy | Maintain | Jun 25, 2013 |
| Macquarie | Outperform | Neutral | Upgrade | May 10, 2013 |
| Mizuho | Neutral | Buy | Downgrade | Jan 22, 2013 |
| Leerink Swann | Market Perform | Outperform | Downgrade | Aug 3, 2012 |
| CLSA | Underperform | Outperform | Downgrade | Aug 3, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $183.75. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Christopher Pasquale | $165 | $179.62 | -10.2% | Oct 7, 2026 |
| RBC Capital | Analyst unavailable | $190 | $184.04 | +3.4% | Aug 13, 2026 |
| Stifel Nicolaus | Analyst unavailable | $195 | $176.07 | +6.1% | Aug 7, 2026 |
| RBC Capital | Shagun Singh | $180 | $176.25 | -2.0% | Aug 7, 2026 |
| Jefferies | Analyst unavailable | $210 | $176.91 | +14.3% | Aug 6, 2026 |
| UBS | Analyst unavailable | $190 | $158.92 | +3.4% | Jul 28, 2026 |
| Evercore ISI | Analyst unavailable | $180 | $154.6 | -2.0% | Jul 6, 2026 |
| Barclays | Analyst unavailable | $204 | $149.43 | +11.0% | May 11, 2026 |
| Piper Sandler | Jason Bednar | $159 | $154.82 | -13.5% | Apr 17, 2026 |
| RBC Capital | Analyst unavailable | $175 | $155.43 | -4.8% | Apr 14, 2026 |
| Goldman Sachs | David Roman | $167 | $154.42 | -9.1% | Apr 10, 2026 |
| RBC Capital | Shagun Singh | $172 | $170.14 | -6.4% | Feb 10, 2026 |
| Barclays | Matt Miksic | $202 | $207.39 | +9.9% | Feb 10, 2026 |
| Piper Sandler | Analyst unavailable | $170 | $207.39 | -7.5% | Feb 10, 2026 |
| Piper Sandler | Jason Bednar | $161.16 | $159.91 | -12.3% | Jan 28, 2026 |
| Stifel Nicolaus | Analyst unavailable | $169.03 | $161.45 | -8.0% | Jan 7, 2026 |
| RBC Capital | Analyst unavailable | $165.09 | $154.39 | -10.2% | Dec 17, 2025 |
| Morgan Stanley | Patrick Wood | $165.09 | $150.8 | -10.2% | Dec 2, 2025 |
| Piper Sandler | Jason Bednar | $204.4 | $159.06 | +11.2% | Apr 23, 2025 |
| Evercore ISI | Vijay Kumar | $227.99 | $189.54 | +24.1% | Oct 1, 2024 |
| Citigroup | Joanna Wuensch | $216.19 | $190.2 | +17.7% | Oct 1, 2024 |
| Raymond James | Jayson Bedford | $212.26 | $187.96 | +15.5% | Aug 2, 2024 |
| Wells Fargo | Larry Biegelsen | $220.13 | $185.54 | +19.8% | Aug 2, 2024 |
| Evercore ISI | Becton Dickinson | $224.06 | $180.24 | +21.9% | Jul 2, 2024 |
| Goldman Sachs | David Roman | $215.41 | $176.94 | +17.2% | May 30, 2024 |
| Barclays | Matt Miksic | $245.28 | $184.5 | +33.5% | May 6, 2024 |
| Argus Research | David Toung | $235.85 | $190.83 | +28.4% | Apr 8, 2024 |
| Morgan Stanley | Analyst unavailable | $227.99 | $202.92 | +24.1% | Jan 6, 2023 |
| Citigroup | Analyst unavailable | $196.54 | $194.65 | +7.0% | Dec 12, 2022 |
| Goldman Sachs | Analyst unavailable | $213.84 | $185.9 | +16.4% | Nov 23, 2022 |
| Goldman Sachs | Analyst unavailable | $250.79 | $210.01 | +36.5% | Aug 16, 2022 |
| Stifel Nicolaus | Analyst unavailable | $220.13 | $187.4 | +19.8% | Jul 18, 2022 |
| Morgan Stanley | Analyst unavailable | $213.84 | $187.61 | +16.4% | Jul 15, 2022 |
| Citigroup | Analyst unavailable | $184.75 | $193.13 | +0.5% | Jul 11, 2022 |
| Wells Fargo | Larry Biegelsen | $231.92 | $197.26 | +26.2% | Jun 25, 2022 |
| Morgan Stanley | Analyst unavailable | $221.7 | $197.95 | +20.7% | May 6, 2022 |
| Piper Sandler | Analyst unavailable | $200.47 | $204.12 | +9.1% | May 6, 2022 |
| Bank of America Securities | Travis Steed | $227.99 | $209.27 | +24.1% | Mar 3, 2022 |
| Piper Sandler | Jason Bednar | $208.33 | $206.71 | +13.4% | Feb 3, 2022 |
Track every rating change on BDX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationOperating globally, Becton, Dickinson and Company (BD) is a prominent enterprise focused on the development, manufacturing, and distribution of a broad spectrum of medical technology. This includes essential medical supplies, sophisticated devices, advanced laboratory equipment, and critical diagnostic products. Its extensive customer base comprises healthcare providers, clinical institutions, medical researchers, pharmaceutical firms, and the general public around the world. The BD Medical division delivers a comprehensive suite of products primarily focused on medication management and drug delivery. This encompasses a variety of intravenous (IV) access solutions, such as peripheral and advanced catheters, central lines, acute dialysis catheters, and related vascular care items including needle-free connectors and closed-system drug transfer devices. It also provides essential injection equipment like hypodermic syringes, needles, anesthesia trays, enteral syringes, and sharps disposal systems.…
Historical context
All BDX earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-23T00:02:36.799981+00:00
- Polygon adjusted daily market bars · 2026-10-09T19:20:42.803407+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T19:20:42.800655+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.