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

Alkermes

25/10/2023 14:32

* Alkermes Plc  ALKS.OQ  reported quarterly adjusted
earnings of
66 cents​​ per share for the quarter ended in September. The
mean expectation of nine analysts for the quarter was
for earnings of 44 cents per share.
    * Revenue rose 51% to $380.94 million from a year ago;
analysts
expected $362.15 million. 
    * Alkermes Plc's reported EPS for the quarter was 29 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Alkermes Plc shares had fallen by 9.6% this quarter and
lost 3.1% so far this year.
    * The company reported quarterly net income of $47.76
million.
    * Wall Street's median 12-month price target for Alkermes
Plc is
$35.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.44           0.66           Beat
 Jun. 30 2023      0.46           0.55           Beat
 Mar. 31 2023      -0.01          0.01           Beat
 Dec. 31 2022      0.05           0.14           Beat