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Research Alert: Becton Dickinson Tops Q1 Estimates, Bumps Forward Guidance

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

BDX delivered solid Q2 FY 26 (Sep.) results with revenue growth of 5.2% to $4.714B and adjusted EPS of $2.90 (+3.9%) beating the consensus by $0.10. The quarter featured BDX's major "Excellence Unleashed" restructuring initiative with $487M in charges including $450M of non-cash asset impairments as the company simplifies operations. This strategic repositioning positions BDX for improved operational efficiency and margin expansion, in our view. The company raised full-year adjusted EPS guidance to $12.52-$12.72 from the prior $12.35-$12.65 range while reaffirming low single-digit revenue growth expectations. Segment performance showed balanced growth with Interventional leading at +7.3% to $1.357B and Connected Care delivering +4.9% to $1.120B. We believe balanced capital allocation, including $2.0B accelerated share repurchases and $2.1B debt retirement, demonstrates management's commitment to shareholder returns while investing in operational improvements.

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Research Alert: The Carlyle Group Misses On Distributable Earnings In Q1 2026

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$CG
Research

Research Alert: Sempra Q1 2026: Eps Meets At $1.51, Reaffirms Guidance, Asset Sales Progress

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sempra reported Q1 2026 adjusted EPS of $1.51, up 4.9% and in line with consensus, while revenues of $3.655B declined 3.9% and missed estimates by 11.3% due to lower natural gas revenues at Sempra California. Strong operating performance across utility segments included Sempra Texas earnings up 17.1% to $171M and Sempra Infrastructure earnings rising 18.7% to $216M. We view positively the company's execution of its record $65B five-year capital plan targeting 11% rate base CAGR through 2030, with $3.0B deployed in Q1. Management reaffirmed full-year 2026 EPS guidance of $4.80-5.30 and 2027 guidance of $5.10-5.70, maintaining 7%-9% long-term growth targets. We expect the pending SI Partners and Ecogas transactions to close in Q2-Q3 2026, enabling debt paydown and improving credit metrics while shifting the business mix to 95% regulated utilities. In our view, Sempra remains well-positioned for sustainable earnings growth with strong infrastructure investment and balance sheet optimization initiatives.

$SRE
Sectors

Sector Update: Energy Stocks Decline Pre-Bell Thursday

Energy stocks were lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating by 1.6%.The United States Oil Fund (USO) was down 3.5%, while The United States Natural Gas Fund (UNG) was 0.6% lower.Front-month US West Texas Intermediate crude oil was down 4.1% at $91.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.7% to $97.56 per barrel, and natural gas futures were 1% lower at $2.70 per 1 million British Thermal Units.Shell (SHEL) shares were down nearly 2% in early activity after the company reported lower-than-expected Q1 revenue.Tenaris (TS) shares were 4% lower in premarket activity after the company said its Q2 sales will be affected by lower shipments in the Middle East. Tenaris also named Gabriel Podskubka its chief executive officer.MGE Energy (MGEE) stock was down 4.4% before the opening bell after the company said late Wednesday it has launched an underwritten public offering of $250 million common shares, including about $75 million of shares to be sold directly by the company and roughly $175 million to be sold through forward sale agreements.

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