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AMPH Amphastar Pharmaceuticals, News Story

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Amphastar Pharmaceuticals Q3 revenue beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$191.84 mln$187 mln (6 Analysts)
Q3 Adjusted EPSBeat$0.93$0.85 (6 Analysts)
Q3 EPS$0.37
Q3 Adjusted Net IncomeBeat$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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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