Alkermes (NASDAQ:ALKS) reported its Q4 earnings results on Wednesday, February 16, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
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Earnings
Alkermes beat estimated earnings by 109.09%, reporting an EPS of $0.23 versus an estimate of $0.11.
Revenue was up $44.47 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08, which was followed by a 1.01% increase in the share price the next day.
Here's a look at Alkermes's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.06 | 0.12 | -0.02 | 0.07 |
| EPS Actual | 0.14 | 0.30 | 0.11 | 0.10 |
| Revenue Estimate | 301.36M | 278.70M | 233.45M | 268.25M |
| Revenue Actual | 294.14M | 303.72M | 251.43M | 280.00M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Alkermes management provided guidance for their next quarter, expecting earnings between $-0.18 and $0.0 per share for the next quarter.
This represents a -139.13% in quarter-over-quarter growth for Alkermes, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
