Bristol-Myers Squibb (BMY, $61.31) Q2 earnings exceed expectations
Bristol-Myers Squibb Co. reported second quarter earnings that exceeded analysts’ expectations. The pharmaceutical company also raised its full-year earnings outlook.
The company's non-GAAP earnings for the three months ending June came in at $1.63 per share, ahead of the Street consensus estimate of $1.48 per share . The figure is +38.1% higher from the year-ago quarter.
Revenues surged +61% to $10.13 billion, beating analysts' forecasts of $9.97 billion.
Looking ahead, Bristol-Myers said it projects its full-year non-GAAP earnings in the range of $6.10 to $6.25 per share, compared to a prior forecast of $6.00 to $6.20. It sees revenues in the range of $40.5 billion to $42 billion.
According to Tickeron's analysis, BMY's 10-day Moving Average crossed above its 50-day Moving Average on July 24, 2020
This price move may be construed as a buy signal, indicating that the trend is shifting higher. In 10 of 13 cases where BMY's 10-day Moving Average crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 77%.
Current price $61.17 crossed the support line at $60.92 and is trading between $63.29 support and $60.92 support lines. Throughout the month of 07/06/20 - 08/05/20, the price experienced a -0.83% Downtrend, while the week of 07/29/20 - 08/05/20 shows a +0.91% Uptrend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where BMY's MACD histogram became positive, in 29 of 44 cases, the price rose further within the following month. The odds of a continued Uptrend are 66%.
The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. In 25 of 36 similar backtested cases where BMY's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 69%.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BMY advanced for three days, in 223 of 346 cases, the price rose further within the following month. The odds of a continued Uptrend are 64%.
Bearish Trend Analysis
The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 35 of 67 cases where BMY's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 52%.
The Momentum Indicator moved below the 0 level on July 29, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 47 of 77 cases where BMY's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 61%.
The 50-day Moving Average crossing below its 200-day Moving Average indicates a sell signal, due to the trend repositioning lower. In 2 of 4 cases where BMY's 50-day Moving Average crossed below its 200-day Moving Average, its price fell further within the subsequent month. The odds of a continued Downtrend are 50%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 19 of 40 cases where BMY's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 47%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 88%. During the last month, the daily ratio of advancing to declining volumes was 1.68 to 1.
The Tickeron Valuation Rating of 3 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.71) is normal, around the industry mean (2.64). P/E Ratio (73.78) is within average values for comparable stocks, (147.98). Projected Growth (PEG Ratio) (0.05) is also within normal values, averaging (34.43). BMY's Dividend Yield (2.62) is considerably higher than the industry average of (0.26). P/S Ratio (4.06) is also within normal values, averaging (227.23).
The Tickeron PE Growth Rating for this company is 4 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 52 (best 1 - 100 worst), indicating steady price growth. BMY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 55 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BMY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock worse than average.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
BMY in downward trend: price dove below 50-day moving average on September 16, 2026
BMY moved below its 50-day moving average on September 16, 2026 date and that indicates a change from an upward trend to a downward trend. In 32 of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 74%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BMY moved out of overbought territory on August 20, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In 15 of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at 45%.
The Momentum Indicator moved below the 0 level on September 04, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BMY as a result. In 47 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 52%.
The Moving Average Convergence Divergence Histogram (MACD) for BMY turned negative on August 28, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 21 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 43%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BMY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1.75% 3-day Advance, the price is estimated to grow further. Considering data from situations where BMY advanced for three days, in 172 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 57%.
BMY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 117 of 201 cases where BMY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 58%.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 22 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 40 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.750) is normal, around the industry mean (18.942). P/E Ratio (13.841) is within average values for comparable stocks, (31.903). BMY's Projected Growth (PEG Ratio) (17.497) is slightly higher than the industry average of (5.743). Dividend Yield (0.040) settles around the average of (0.029) among similar stocks. P/S Ratio (2.642) is also within normal values, averaging (4.033).
The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. BMY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 72 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 84 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BMY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.
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General Information
a manufacturer of pharmaceuticals products
Industry PharmaceuticalsMajor
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