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Kritika Sarmah

Biogen's Quarterly Earnings Preview: What You Need to Know

Biogen BIIB

Biogen Inc. (BIIB), headquartered in Cambridge, Massachusetts, specializes in discovering, developing, manufacturing, and delivering therapies for neurological and neurodegenerative diseases. Valued at a market capitalization of $20.6 billion, the company's portfolio includes treatments for conditions such as multiple sclerosis, non-Hodgkin's lymphoma, rheumatoid arthritis, Crohn's disease, and psoriasis. BIIB is expected to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Tuesday, Feb. 11.

Ahead of the event, analysts expect BIIB to report a profit of $3.43 per share on a diluted basis, up 16.3% from $2.95 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion. 

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