Overview
Repligen Q3 revenue grows 22% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting strong operational performance
Company raises full-year revenue guidance to $729-$737 mln, indicating confidence in growth
Outlook
Repligen raises full-year revenue guidance to $729 mln - $737 mln
Company expects full-year adjusted EPS of $1.65 - $1.68
Repligen forecasts full-year adjusted gross margin of 52% - 53%
Result Drivers
BROAD-BASED GROWTH - All franchises and geographies posted double-digit revenue and order growth, with consumables and capital equipment revenues growing over 20%
SOLOVPE PLUS LAUNCH - Record quarter for Process Analytics equipment placements following the launch of SoloVPE PLUS
NOVASIGN PARTNERSHIP - Strategic partnership with Novasign to integrate digital twin capabilities into filtration systems
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$189 mln
$181.10 mln (20 Analysts)
Q3 Adjusted EPS
Beat
$0.46
$0.41 (17 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
Wall Street's median 12-month price target for Repligen Corp is $180.00, about 10.5% above its October 27 closing price of $161.10
The stock recently traded at 77 times the next 12-month earnings vs. a P/E of 65 three months ago
Press Release: ID:nGNX4lTCks
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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.)