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Novartis AG
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Analysis

Earnings estimate Current quarter
(Sep 2026)
Next quarter
(Dec 2026)
Current year
(Dec 2026)
Next year
(Dec 2027)
Number of analysts 5 5 20 20
Average estimate 2.20 2.19 8.77 9.80
Low estimate 2.06 2.02 8.30 9.16
High estimate 2.29 2.35 9.00 10.75
Last year EPS 2.25 2.03 8.98 8.77
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Revenue estimate Current quarter
(Sep 2026)
Next quarter
(Dec 2026)
Current year
(Dec 2026)
Next year
(Dec 2027)
Number of Analysts 4 4 19 21
Avg. estimate 14.65B 14.89B 57.51B 60.99B
Low estimate 14.33B 14.39B 56.11B 58.73B
High estimate 14.86B 15.24B 58.85B 65.82B
Last year sales 14.36B 13.86B 56.67B 57.51B
Sales growth 0.02 0.07 0.01 0.06
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EPS trend Current quarter
(Sep 2026)
Next quarter
(Dec 2026)
Current year
(Dec 2026)
Next year
(Dec 2027)
Current estimate 2.20 2.19 8.77 9.80
7 days ago 2.22 2.31 8.74 9.72
30 days ago 2.23 2.24 8.74 9.72
60 days ago 2.23 2.22 8.76 9.72
90 days ago 2.22 2.14 8.89 9.85
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EPS revisions Current quarter
(Sep 2026)
Next quarter
(Dec 2026)
Current year
(Dec 2026)
Next year
(Dec 2027)
Up last 7 days 2 1 3 4
Up last 30 days 2 1 4 4
Down last 7 days 0 0 0 0
Down last 30 days 0 1 3 2
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Growth estimates
Current qtr (Jul 2026) -0.022%
Next qtr. (Oct 2026) 0.078%
Current year (2026) -0.023%
Next 5 years (per annum) 0.086%
Past 5 years (per annum) 0.042%
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Recommendation

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Analyst ratings

Firm Date Action
Morgan Stanley Sep 25, 2023 Upgrade
Oppenheimer Jun 01, 2023 Downgrade
Wolfe Research May 09, 2022 Downgrade
Exane BNP Paribas Dec 06, 2021 Downgrade
Bryan Garnier Dec 03, 2021 Downgrade
Deutsche Bank Sep 20, 2021 Downgrade
Argus Research Mar 10, 2021 Downgrade
Cowen & Co. Feb 01, 2021 Downgrade
Cowen& Co. Feb 01, 2021 Downgrade
Deutsche Bank Jan 15, 2021 Initiates
Morgan Stanley Sep 01, 2020 Upgrade
Guggenheim Feb 25, 2020 Downgrade
Guggenheim Securities Feb 25, 2020 Downgrade
Guggenheim Apr 25, 2019 Upgrade
Morgan Stanley Apr 10, 2019 Downgrade
Cowen & Co. Nov 26, 2018 Upgrade
Goldman Sachs Nov 19, 2018 Upgrade
Citigroup Sep 11, 2018 Upgrade
Bank of America Sep 10, 2018 Upgrade
B of A Securities Sep 10, 2018 Upgrade
Barclays Jul 19, 2018 Upgrade
HSBC May 29, 2018 Downgrade
Credit Suisse May 25, 2018 Upgrade
Leerink Swann Jan 25, 2018 Maintains
Barclays Oct 25, 2017 Downgrade
Leerink Swann Oct 23, 2017 Maintains
Morgan Stanley Jul 26, 2017 Upgrade
Credit Suisse Jul 05, 2017 Downgrade
Cowen & Co. Apr 05, 2017 Downgrade
Credit Suisse Jan 11, 2017 Downgrade
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