Questcor Pharmaceuticals (NAS: QCOR) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Questcor Pharmaceuticals beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
Questcor Pharmaceuticals recorded revenue of $140.3 million. The 12 analysts polled by S&P Capital IQ expected a top line of $129.0 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $59.8 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 predicted $0.73 per share. GAAP EPS of $0.91 for Q3 were 160% higher than the prior-year quarter's $0.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 94.7%, 90 basis points better than the prior-year quarter. Operating margin was 60.1%, 390 basis points better than the prior-year quarter. Net margin was 39.7%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $134.4 million. On the bottom line, the average EPS estimate is $0.79.
Next year's average estimate for revenue is $471.8 million. The average EPS estimate is $2.75.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 459 members out of 519 rating the stock outperform, and 60 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Questcor Pharmaceuticals a green thumbs-up, and 28 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Questcor Pharmaceuticals is outperform, with an average price target of $44.89.
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The article Questcor Pharmaceuticals Outruns Estimates Again originally appeared on Fool.com.
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