By Nicholas G. Miller
Bristol Myers Squibb is scheduled to report its fourth-quarter results before the market opens Thursday. Here is what you need to know.
PROFIT: Analysts polled by FactSet expect the company to record net income of $1.93 billion, up from $72 million the year before.
ADJUSTED EARNINGS: Stripping out one-time items, the company is expected to report earnings of $1.23 a share, down from $1.67 a share the year prior.
REVENUE: Wall Street is forecasting revenue of $12.28 billion, down from $12.34 billion.
The stock is up 26% over the past three months and was recently trading at $57.66.
WHAT TO WATCH:
--The company is losing exclusivity of some of its key legacy drugs and investors will be listening for commentary about how much that will hurt Bristol Myers Squibb's revenue and how the company plans to offset the sales declines.
--Revenue from the company's Eliquis blood thinner will be pressured in 2026 due to Medicare price negotiations that recently went into effect. Investors will want to hear about how much that lower price will hit overall revenue.
--The company has been seeing strong growth from its immuno-oncology drugs Breyanzi, Reblozyl and Camzyos. Investors will be watching closely for signs that growth is continuing and will be able to offset declines in the company's legacy portfolio.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
February 04, 2026 12:48 ET (17:48 GMT)
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