We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CollPlant (CLGN) to Report Q1 Earnings: What's in the Cards?
Read MoreHide Full Article
We expect investors to focus on CollPlant Biotechnologies Ltd.’s (CLGN - Free Report) update on its business and product developments when it reports first-quarter 2021 earnings results.
The company’s earnings surprise record has been mixed so far, as its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and lagged the same on the other two occasions, the average negative surprise being 14.77%. In the last-reported quarter, CollPlant witnessed a negative earnings surprise of 40.00%.
Shares of CollPlant have rallied 27.6% so far this year against the industry’s decrease of 3.4%.
Let’s see how things have shaped up for this announcement.
Key Factors to Note
Israel-based CollPlant Biotechnologies Ltd. sells regenerative medical products. The company is focused on 3D bioprinting of tissues and organs, medical aesthetics, and the development and commercialization of tissue repair products.
The company’s revenues, consisting of sales from products and license of its technology, have been rising year over year, a trend most likely to have continued in the to-be-reported quarter. Revenues from the sale of BioInk, along with that of its goods and services, have been also increasing. We expect the trend to continue in the first quarter as well.
CollPlant’s products are based on its rhCollagen (recombinant human collagen) produced with its proprietary plant-based genetic engineering technology.
CollPlant has entered into a strategic agreement with Allergan Aesthetics, a subsidiary of AbbVie (ABBV - Free Report) for rhCollagen in the use of dermal and soft tissue filler products. The deal is worth $103 million, with CollPlant having already received an upfront payment of $14 million from AbbVie. Investors will be keen to get more updates on the same at the upcoming earnings call.
Meanwhile, CollPlant has a product manufacturing and supply agreement with Canadian biotech, STEMCELL Technologies, for rhCollagen to be included in cell culture kits that are sold to scientists across the globe.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for CollPlant this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, that is not the case here as you will see below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Earnings ESP: CollPlant’s Earnings ESP is 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 50 cents per share.
Here are a few stocks you may want to consider, as our model shows that these have the right combination of an earnings beat.
Axsome Therapeutics, Inc. (AXSM - Free Report) with an Earnings ESP of +23.83% and a Zacks Rank #3. The company is scheduled to report earnings on May 10.
Aerie Pharmaceuticals, Inc. with an Earnings ESP of +6.25% and a Zacks Rank #2. The company is scheduled to report earnings on May 5.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Image: Bigstock
CollPlant (CLGN) to Report Q1 Earnings: What's in the Cards?
We expect investors to focus on CollPlant Biotechnologies Ltd.’s (CLGN - Free Report) update on its business and product developments when it reports first-quarter 2021 earnings results.
The company’s earnings surprise record has been mixed so far, as its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and lagged the same on the other two occasions, the average negative surprise being 14.77%. In the last-reported quarter, CollPlant witnessed a negative earnings surprise of 40.00%.
Shares of CollPlant have rallied 27.6% so far this year against the industry’s decrease of 3.4%.
Let’s see how things have shaped up for this announcement.
Key Factors to Note
Israel-based CollPlant Biotechnologies Ltd. sells regenerative medical products. The company is focused on 3D bioprinting of tissues and organs, medical aesthetics, and the development and commercialization of tissue repair products.
The company’s revenues, consisting of sales from products and license of its technology, have been rising year over year, a trend most likely to have continued in the to-be-reported quarter. Revenues from the sale of BioInk, along with that of its goods and services, have been also increasing. We expect the trend to continue in the first quarter as well.
CollPlant’s products are based on its rhCollagen (recombinant human collagen) produced with its proprietary plant-based genetic engineering technology.
CollPlant has entered into a strategic agreement with Allergan Aesthetics, a subsidiary of AbbVie (ABBV - Free Report) for rhCollagen in the use of dermal and soft tissue filler products. The deal is worth $103 million, with CollPlant having already received an upfront payment of $14 million from AbbVie. Investors will be keen to get more updates on the same at the upcoming earnings call.
Meanwhile, CollPlant has a product manufacturing and supply agreement with Canadian biotech, STEMCELL Technologies, for rhCollagen to be included in cell culture kits that are sold to scientists across the globe.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for CollPlant this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, that is not the case here as you will see below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Earnings ESP: CollPlant’s Earnings ESP is 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 50 cents per share.
Zacks Rank: CollPlant currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.
CollPlant Biotechnologies Ltd. Sponsored ADR Price and Consensus
CollPlant Biotechnologies Ltd. Sponsored ADR price-consensus-chart | CollPlant Biotechnologies Ltd. Sponsored ADR Quote
Stocks to Consider
Here are a few stocks you may want to consider, as our model shows that these have the right combination of an earnings beat.
Axsome Therapeutics, Inc. (AXSM - Free Report) with an Earnings ESP of +23.83% and a Zacks Rank #3. The company is scheduled to report earnings on May 10.
Aerie Pharmaceuticals, Inc. with an Earnings ESP of +6.25% and a Zacks Rank #2. The company is scheduled to report earnings on May 5.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>