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Compared to Estimates, Pacira (PCRX) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2023, Pacira (PCRX - Free Report) reported revenue of $160.34 million, up 1.5% over the same period last year. EPS came in at $0.53, compared to $0.64 in the year-ago quarter.
The reported revenue represents a surprise of +2.12% over the Zacks Consensus Estimate of $157.02 million. With the consensus EPS estimate being $0.60, the EPS surprise was -11.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pacira performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net product Sales- iovera: $4 million versus $4.23 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +32.2% change.
Net product sales- ZILRETTA: $24.33 million versus the five-analyst average estimate of $27 million. The reported number represents a year-over-year change of +3%.
Net product sales- Royalty revenue: $0.91 million versus $0.76 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +59.9% change.
Net Product Sales: $159.43 million versus the five-analyst average estimate of $159.10 million. The reported number represents a year-over-year change of +1.3%.
Net product sales- EXPAREL: $130.41 million versus $125.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
Net product sales- Bupivacaine liposome injectable suspension: $0.69 million versus $1.68 million estimated by four analysts on average.
Shares of Pacira have returned +12.4% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Pacira (PCRX) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2023, Pacira (PCRX - Free Report) reported revenue of $160.34 million, up 1.5% over the same period last year. EPS came in at $0.53, compared to $0.64 in the year-ago quarter.
The reported revenue represents a surprise of +2.12% over the Zacks Consensus Estimate of $157.02 million. With the consensus EPS estimate being $0.60, the EPS surprise was -11.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pacira performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net product Sales- iovera: $4 million versus $4.23 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +32.2% change.
- Net product sales- ZILRETTA: $24.33 million versus the five-analyst average estimate of $27 million. The reported number represents a year-over-year change of +3%.
- Net product sales- Royalty revenue: $0.91 million versus $0.76 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +59.9% change.
- Net Product Sales: $159.43 million versus the five-analyst average estimate of $159.10 million. The reported number represents a year-over-year change of +1.3%.
- Net product sales- EXPAREL: $130.41 million versus $125.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Net product sales- Bupivacaine liposome injectable suspension: $0.69 million versus $1.68 million estimated by four analysts on average.
View all Key Company Metrics for Pacira here>>>Shares of Pacira have returned +12.4% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.