Avanir Pharmaceuticals Misses Where it Counts
Avanir Pharmaceuticals (NAS: AVNR) reported earnings on Dec. 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Avanir Pharmaceuticals beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share dropped.
Gross margins contracted, operating margins expanded, net margins increased.
Avanir Pharmaceuticals logged revenue of $13.5 million. The five analysts polled by S&P Capital IQ expected revenue of $13.0 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $4.8 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 -$0.09. The four earnings estimates compiled by S&P Capital IQ predicted -$0.08 per share. GAAP EPS were -$0.09 for Q4 against -$0.14 per share for 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 94.7%, 80 basis points worse than the prior-year quarter. Operating margin was -78.9%, 29,890 basis points better than the prior-year quarter. Net margin was -86.6%, 29,120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $15.4 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $82.8 million. The average EPS estimate is -$0.30.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 189 members out of 251 rating the stock outperform, and 62 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Avanir Pharmaceuticals a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avanir Pharmaceuticals is outperform, with an average price target of $5.60.
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The article Avanir Pharmaceuticals Misses Where it Counts originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. 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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