Jazz Pharmaceuticals Beats on the Top Line
Jazz Pharmaceuticals (NAS: JAZZ) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Jazz Pharmaceuticals beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share was unchanged.
Margins contracted across the board.
Jazz Pharmaceuticals reported revenue of $108.4 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $102.6 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $50.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.91. The seven earnings estimates compiled by S&P Capital IQ forecast $0.90 per share. GAAP EPS of $0.48 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 90.1%, 440 basis points worse than the prior-year quarter. Operating margin was 30.6%, 1,380 basis points worse than the prior-year quarter. Net margin was 25.5%, 1,740 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $121.9 million. On the bottom line, the average EPS estimate is $1.08.
Next year's average estimate for revenue is $543.4 million. The average EPS estimate is $4.49.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 191 members out of 260 rating the stock outperform, and 70 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Jazz Pharmaceuticals a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jazz Pharmaceuticals is buy, with an average price target of $61.67.
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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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