FRANKFURT--The following is a summary of analysts' forecasts for
Novartis AG (NVS) fourth-quarter results, based on a poll of nine
analysts conducted by Dow Jones Newswires (figures in million
dollars, EPS in dollar, DPS and target price in francs, according
to IFRS). Earnings figures are scheduled to be released January
27.
===
Net sales:
4th Quarter -total -Pharma -Diovan -Gleevec -Lucentis
AVERAGE 14,678 7,864 354 1,185 627
Prev. Year 14,926 8,323 843 1,227 630
+/- in % -1.7 -5.5 -58 -3.5 -0.5
MEDIAN 14,564 7,894 365 1,170 625
Maximum 15,261 8,151 395 1,264 660
Minimum 14,259 7,503 290 1,089 594
Amount 8 9 8 8 7
Barclays -- 7,894 360 1,165 594
Cowen and Company 14,575 7,870 325 1,210 660
Deutsche Bank 14,878 8,025 387 1,174 625
Exane BNP Paribas 14,991 8,151 -- 1,262 614
J.P. Morgan 14,449 7,906 395 -- --
Jefferies 14,462 7,687 369 1,089 609
Morgan Stanley 14,552 7,756 290 1,162 630
UBS 14,259 7,503 330 1,151 --
Zuercher KB 15,261 7,987 379 1,264 655
Core Core Core
Operating Net Net attrib. Core
4th Quarter income income profit EPS
AVERAGE 3,322 2,829 2,843 1.18
Prev. Year 3,293 2,892 2,863 1.18
+/- in % +0.9 -2.2 -0.7 -0.3
MEDIAN 3,275 2,809 2,810 1.18
Maximum 3,538 2,878 2,976 1.23
Minimum 3,140 2,794 2,778 1.13
Amount 9 5 4 9
Barclays 3,140 -- -- 1.14
Cowen and Company 3,231 2,858 2,841 1.18
Deutsche Bank 3,538 -- 2,976 1.22
Exane BNP Paribas 3,458 -- -- 1.21
J.P. Morgan 3,275 2,878 -- 1.18
Jefferies 3,222 2,794 -- 1.15
Morgan Stanley 3,404 -- -- 1.23
UBS 3,240 2,809 2,778 1.15
Zuercher KB 3,388 2,807 2,778 1.13
Target price Rating DPS 2014
AVERAGE 96.42 positive 6 AVERAGE 2.59
Prev. Quarter 91.67 neutral 3 Prev. Year 2.45
+/- in % +5.2 negative 0 +/- in % +5.7
MEDIAN 95.75 MEDIAN 2.62
Maximum 112.00 Maximum 2.65
Minimum 85.00 Minimum 2.50
Amount 6 Amount 3
Barclays 88.00 Equalweight --
Cowen and Company -- Outperform --
Deutsche Bank 95.50 Hold --
Exane BNP Paribas 96.00 Outperform 2.65
J.P. Morgan -- Overweight --
Jefferies 112.00 Buy --
Morgan Stanley 85.00 Equalweight --
UBS 102.00 Buy 2.62
Zuercher Kantonalbank -- Overweight 2.50
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Year-earlier figures are as restated by the company.
DJG/voi
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