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Compared to Estimates, Exelixis (EXEL) Q4 Earnings: A Look at Key Metrics
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Exelixis (EXEL - Free Report) reported $423.92 million in revenue for the quarter ended December 2022, representing a year-over-year decline of 6%. EPS of -$0.03 for the same period compares to $0.29 a year ago.
The reported revenue represents a surprise of +1.82% over the Zacks Consensus Estimate of $416.33 million. With the consensus EPS estimate being -$0.05, the EPS surprise was +40.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Exelixis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Collaboration services revenues: $8.42 million versus $45.04 million estimated by 12 analysts on average.
Revenues- Net product: $377.42 million versus $376.43 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +24.7% change.
Revenues- Net product -Cabometyx: $372.60 million versus the five-analyst average estimate of $368.13 million. The reported number represents a year-over-year change of +26.3%.
Revenues- Net product -Cometriq: $4.90 million versus the five-analyst average estimate of $7.03 million. The reported number represents a year-over-year change of -35.5%.
Revenues- License: $38.08 million versus the three-analyst average estimate of $35.09 million. The reported number represents a year-over-year change of -71.4%.
Shares of Exelixis have returned +2.5% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Exelixis (EXEL) Q4 Earnings: A Look at Key Metrics
Exelixis (EXEL - Free Report) reported $423.92 million in revenue for the quarter ended December 2022, representing a year-over-year decline of 6%. EPS of -$0.03 for the same period compares to $0.29 a year ago.
The reported revenue represents a surprise of +1.82% over the Zacks Consensus Estimate of $416.33 million. With the consensus EPS estimate being -$0.05, the EPS surprise was +40.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Exelixis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Exelixis here>>>
Shares of Exelixis have returned +2.5% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.