Alkermes Plc reports results for the quarter ended in March - Earnings Summary

Alkermes

26/04/2023 14:32

* Alkermes Plc  ALKS.OQ  reported quarterly adjusted
earnings of 1
cent​​ per share for the quarter ended in March. The mean
expectation of nine analysts for the quarter was for a loss of
one cent per share.
    * Revenue rose 3.2% to $287.60 million from a year ago;
analysts
expected $282.83 million. 
    * Alkermes Plc's reported EPS for the quarter was a loss
of 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1,000% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Alkermes Plc shares had risen by 8.2% this quarter and
gained 16.8% so far this year.
    * The company reported a quarterly loss of $41.85 million.
    * Wall Street's median 12-month price target for Alkermes
Plc is
$32.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.01          0.01           Beat
 Dec. 31 2022      0.05           0.14           Beat
 Sep. 30 2022      0.03           0.02           Missed
 Jun. 30 2022      0.01           0.06           Beat