Overview
Jazz Pharmaceuticals Q2 rev rises 2%
Adjusted EPS for Q2 misses consensus, impacted by Chimerix acquisition expenses
Co repurchased shares worth $125 mln, part of $500 mln authorization
Outlook
Jazz Pharmaceuticals updates 2025 revenue guidance to $4.15-$4.30 bln
Company expects multiple oncology catalysts to drive revenue growth
Jazz Pharmaceuticals anticipates blockbuster status for Epidiolex in 2025
Company projects improved effective tax rate for 2025
Result Drivers
XYWAV GROWTH - Xywav revenues grew 13% year-over-year, driven by net patient additions of 625
ZEPZELCA DECLINE - Zepzelca sales fell 8% due to increased competition and treatment protocol updates
CHIMERIX IMPACT - Acquisition of Chimerix contributed to adjusted EPS miss due to associated expenses
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$1.05 bln
$1.05 bln (16 Analysts)
Q2 Adjusted EPS
Miss
-$8.25
-$7.61 (14 Analysts)
Q2 EPS
-$11.74
Q2 Adjusted Net Income
Miss
-$504.85 mln
-$459.90 mln (12 Analysts)
Q2 Net Income
-$718.47 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 1 "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 Jazz Pharmaceuticals PLC is $178.21, about 34.9% above its August 4 closing price of $116.10
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 5 three months ago
Press Release: ID:nPn59fbNBa
(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.)