Savient Pharmaceuticals Earnings Preview
Investors are bracing for the worst and waiting to see if Savient Pharmaceuticals (NAS: SVNT) will fall short of Wall Street forecasts for the consecutive quarter. The company will unveil its latest earnings Thursday. Savient Pharmaceuticals is focused on developing and marketing pharmaceutical products that target unmet medical needs in niche and broader specialty markets. It is currently developing one product: Krystexxa.
What analysts say:
What our community says:
CAPS All-Stars are solidly backing the stock with 89.1% assigning it an "outperform" rating. The community at large agrees with the All-Stars with 92.3% granting it a rating of "outperform." Fools are keen on Savient Pharmaceuticals and haven't been shy with their opinions lately, logging 214 posts in the past 30 days. Despite the majority sentiment in favor of Savient Pharmaceuticals, the stock has a middling CAPS rating of three out of five stars.
The company's gross margin shrank by 14.3 percentage points in the last quarter. Revenue rose 18% while cost of sales rose 112.2% to $416,000 from a year earlier.
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At the time this article was published
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