The headline numbers for Bristol Myers (BMY) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Bristol Myers Squibb posted higher first-quarter revenue boosted by its portfolio of newer treatments for heart and blood conditions.
Get a deeper insight into the potential performance of Bristol Myers (BMY) for the quarter ended March 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Bristol-Myers Squibb retains a "Strong Buy" rating, driven by robust Growth Portfolio expansion and strategic pipeline execution. The company's growth portfolio now nears 60% of total revenues, growing 16% YoY, effectively offsetting impending patent cliff losses. Key pipeline assets iberdomide and mezigdomide target relapsed/refractory multiple myeloma, with iberdomide's FDA decision expected by August 2026.
BMY heads into Q1 earnings with strong growth portfolio momentum, but legacy drug declines and generic pressure may weigh on overall revenue performance.
Bristol-Myers Squibb remains a solid, undervalued investment but is no longer a compelling 'Buy' due to muted growth prospects. BMY's growth portfolio now surpasses its legacy portfolio, yet overall revenue is expected to decline as analysts remain pessimistic about pipeline execution. Dividend yield stands at 4.3% and is well-covered by free cash flow, while debt levels, though reduced, require monitoring if revenue declines persist.
Bristol Myers (BMY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CPC Advisors LLC purchased a new position in shares of Bristol Myers Squibb Company (NYSE: BMY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 61,789 shares of the biopharmaceutical company's stock, valued at approximately $3,333,000. A number of other hedge funds
BMY stands out vs GILD, supported by a cheaper valuation, strong growth portfolio, and improving earnings outlook despite generic headwinds.
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BMY pivots to growth portfolio as legacy drugs decline, with rising new therapies helping offset revenue erosion and reshape the long-term outlook.
Bristol-Myers Squibb is deeply undervalued at 8.9x forward earnings due to overblown patent cliff fears on Eliquis and Opdivo. The Growth Portfolio now generates 55% of revenue, grew 17% in FY2025, and is guided to continue double-digit growth into 2026. Key catalysts include the August 2026 FDA decision on iberdomide and the upcoming milvexian Phase 3 results, both with multi-billion dollar potential.