Alkermes Beats Up on Analysts Yet Again
Alkermes (NAS: ALKS) reported earnings on Feb. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Alkermes beat expectations on revenue and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share dropped.
Gross margins dropped, operating margins increased, and net margins grew.
Alkermes booked revenue of $125.6 million. The 11 analysts polled by S&P Capital IQ expected a top line of $113.9 million. Sales were much higher than the prior-year quarter's $44.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.08. The nine earnings estimates compiled by S&P Capital IQ predicted -$0.13 per share on the same basis. GAAP EPS were -$0.11 for Q3 versus -$0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 66.0%, 480 basis points worse than the prior-year quarter. Operating margin was -4.0%, 2,310 basis points better than the prior-year quarter. Net margin was -11.8%, 1,410 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $121.7 million. On the bottom line, the average EPS estimate is -$0.12.
Next year's average estimate for revenue is $369.9 million. The average EPS estimate is -$0.41.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 231 members out of 240 rating the stock outperform, and nine members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Alkermes a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alkermes is outperform, with an average price target of $20.38.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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