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Alkermes (ALKS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Alkermes (ALKS - Free Report) reported $287.6 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 3.3%. EPS of $0.01 for the same period compares to $0.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $284.24 million, representing a surprise of +1.18%. The company delivered an EPS surprise of +133.33%, with the consensus EPS estimate being -$0.03.
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 Alkermes performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Product sales, net: $214.73 million versus the seven-analyst average estimate of $210.91 million. The reported number represents a year-over-year change of +25.4%.
Revenues- Manufacturing and Royalty revenues: $72.86 million versus $71.41 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -30.7% change.
Revenues- Research and development revenue: $0.01 million versus $0.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -94.4% change.
Revenues- Key Commercial Product Revenues- LYBALVI: $38 million versus the four-analyst average estimate of $37.35 million.
Revenues- Key Commercial Product Revenues- ARISTADA: $80.10 million versus the four-analyst average estimate of $79.42 million. The reported number represents a year-over-year change of +10.5%.
Revenues- Key Commercial Product Revenues- VIVITROL: $96.70 million versus the four-analyst average estimate of $92.84 million. The reported number represents a year-over-year change of +13.9%.
Shares of Alkermes have returned +11.8% over the past month versus the Zacks S&P 500 composite's +2.6% 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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Alkermes (ALKS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Alkermes (ALKS - Free Report) reported $287.6 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 3.3%. EPS of $0.01 for the same period compares to $0.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $284.24 million, representing a surprise of +1.18%. The company delivered an EPS surprise of +133.33%, with the consensus EPS estimate being -$0.03.
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 Alkermes performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Product sales, net: $214.73 million versus the seven-analyst average estimate of $210.91 million. The reported number represents a year-over-year change of +25.4%.
- Revenues- Manufacturing and Royalty revenues: $72.86 million versus $71.41 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -30.7% change.
- Revenues- Research and development revenue: $0.01 million versus $0.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -94.4% change.
- Revenues- Key Commercial Product Revenues- LYBALVI: $38 million versus the four-analyst average estimate of $37.35 million.
- Revenues- Key Commercial Product Revenues- ARISTADA: $80.10 million versus the four-analyst average estimate of $79.42 million. The reported number represents a year-over-year change of +10.5%.
- Revenues- Key Commercial Product Revenues- VIVITROL: $96.70 million versus the four-analyst average estimate of $92.84 million. The reported number represents a year-over-year change of +13.9%.
View all Key Company Metrics for Alkermes here>>>Shares of Alkermes have returned +11.8% over the past month versus the Zacks S&P 500 composite's +2.6% 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.