Amphastar Pharmaceuticals Inc reports results for the quarter ended in September 30 - Earnings Summary

Amphastar Pharmaceuticals,

07/11/2024 04:05

* Amphastar Pharmaceuticals Inc  AMPH.OQ  reported quarterly
adjusted earnings of 96 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $1.15.  The mean expectation of
five analysts for the quarter was for earnings of 99 cents per
share. Wall Street expected results to range from 89 cents
to $1.13 per share.
    * Revenue rose 5.9% to $191.21 million from a year ago;
analysts
expected $194.69 million. 
    * Amphastar Pharmaceuticals Inc's reported EPS for the
quarter was
78 cents​.
    * The company reported quarterly net income of $40.43
million.
    * Amphastar Pharmaceuticals Inc shares had risen by 6.2%
this
quarter and lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Amphastar
Pharmaceuticals Inc is $55.00 
This summary was machine generated from LSEG data November 7 at
04:04 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.99                          
 Jun. 30 2024      0.77                          
 Mar. 31 2024      0.96           1.04           Beat
 Dec. 31 2023      0.93           0.88           Missed