FRANKFURT--The following is a summary of analysts' forecasts for
Novartis AG (NVS) first-quarter results, based on a poll of 11
analysts conducted by Dow Jones Newswires (figures in million
dollars, EPS in dollar and target price in Swiss francs, according
to IFRS). Earnings figures are scheduled to be released April
23.
===
Net sales:
1st Quarter -total -Pharma -Diovan -Gleevec -Lucentis
AVERAGE 12,606 7,218 307 1,033 561
Prev. Year 14,022 7,807 803 1,097 620
+/- in % -10 -7.5 -62 -5.9 -9.5
MEDIAN 12,547 7,140 322 1,036 555
Maximum 12,925 7,500 337 1,111 640
Minimum 12,269 6,994 255 956 523
Amount 8 11 11 11 11
Baader-Helvea -- 7,140 332 1,015 530
Barclays 12,269 7,286 274 1,036 544
Cowen and Company 12,925 7,055 255 965 640
Credit Suisse -- 7,100 275 970 523
Deutsche Bank 12,576 7,500 333 1,111 589
J.P. Morgan 12,918 7,350 336 1,062 557
Jefferies 12,518 7,127 321 956 534
Mirabaud -- 7,352 322 1,052 555
Morgan Stanley 12,791 7,113 333 1,091 557
UBS 12,331 6,994 264 1,028 536
Zuercher KB 12,516 7,381 337 1,075 608
Core Core Core
Operating Net Net attrib. Core
1st Quarter income income profit EPS
AVERAGE 3,209 2,850 2,844 1.17
Prev. Year 3,651 3,212 3,185 1.31
+/- in % -12 -11 -11 -11
MEDIAN 3,221 2,874 2,850 1.17
Maximum 3,493 3,024 2,933 1.28
Minimum 2,960 2,684 2,743 1.10
Amount 10 6 4 11
Baader-Helvea -- -- -- 1.28
Barclays 3,146 -- -- 1.15
Cowen and Company 2,960 2,687 -- 1.12
Credit Suisse 3,093 -- 2,743 1.14
Deutsche Bank 3,493 3,024 -- 1.23
J.P. Morgan 3,246 -- -- 1.18
Jefferies 3,054 2,684 -- 1.11
Mirabaud 3,389 2,959 2,933 1.22
Morgan Stanley 3,255 -- -- 1.10
UBS 3,260 2,857 2,833 1.17
Zuercher Kantonalbank 3,195 2,891 2,866 1.17
Target price Rating
AVERAGE 105.04 positive 7
Prev. Quarter 96.42 neutral 7
+/- in % +8.9 negative 0
MEDIAN 106.00
Maximum 115.00
Minimum 94.00
Amount 11
Baader-Helvea 100.00 Buy
Barclays 98.00 Equalweight
Bryan Garnier 101.40 Neutral
Cowen and Company 115.00 Outperform
Credit Suisse 106.00 Outperform
Deutsche Bank 95.00 Hold
Independent Research 109.00 Hold
J.P. Morgan -- Overweight
Jefferies 115.00 Buy
Mirabaud 94.00 Neutral
Morgan Stanley -- Equalweight
Societe Generale 107.00 Hold
UBS 115.00 Buy
Zuercher Kantonalbank -- Overweight
===
Year-earlier figures are as reported by the company.
DJG/voi
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