Overview
Amphastar Q3 revenue of $191.8 mln beats analyst expectations
Adjusted EPS for Q3 at $0.93, surpassing consensus estimates
Company received FDA approval and launched iron sucrose injection
Outlook
Company expects strategic pipeline expansion to drive long-term growth
Amphastar anticipates revenue growth from new iron sucrose injection
Company sees growth potential in novel peptides targeting oncology and ophthalmology
Result Drivers
BAQSIMI SALES - Double-digit growth in BAQSIMI sales due to increased unit volumes from expanded marketing efforts in the U.S.
IRON SUCROSE LAUNCH - Launch of iron sucrose injection contributed to revenue growth, expanding patient access to affordable therapies
LICENSING AGREEMENT - Strategic licensing agreement with Nanjing Anji Biotechnology to develop novel peptides for oncology and ophthalmology markets
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$191.84 mln
$187 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$0.93
$0.85 (6 Analysts)
Q3 EPS
$0.37
Q3 Adjusted Net Income
Beat
$44.70 mln
$41.90 mln (5 Analysts)
Q3 Net Income
$17.35 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for Amphastar Pharmaceuticals Inc is $35.00, about 27.7% above its November 5 closing price of $25.31
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nACSTr3wba
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)