Alkermes Plc expected to post earnings of 70 cents a share - Earnings Preview

Alkermes

22/07/2024 15:37

* Alkermes Plc  ALKS.OQ   ALKS.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Dublin-based  company is expected to report a
36.3% decrease
in revenue to $393.35 million from $617.4 million a year ago,
according to the mean estimate from 11 analysts, based on LSEG
data.
    * ​LSEG's mean analyst estimate for Alkermes Plc is for
earnings
of 70 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Alkermes
Plc is
$34.50​, above​ its last closing price of $24.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.57        0.58       0.43      Missed  -26.3
 Dec. 31 2024  0.55        0.51       0.22      Missed  -57.1
 Sep. 30 2023  0.44        0.44       0.64      Beat    44.7​
 Jun. 30 2023  0.63        0.46       0.55      Beat    19
 ​​Mar.        -0.01       -0.01      0.01      Beat    174.1
 31 2023                                                
 Dec. 31 2022  0.05        0.05       0.14      Beat    207.3​
 Sep. 30 2022  0.06        0.03       0.02      Missed  -34.1
 Jun. 30 2022  0.03        0.01       0.06      Beat    740.3
 This summary was machine generated July 22 at 14:37 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)