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Travere (TVTX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Travere Therapeutics (TVTX - Free Report) reported $37.1 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 30.7%. EPS of -$1.17 for the same period compares to -$1.09 a year ago.
The reported revenue represents a surprise of -71.90% over the Zacks Consensus Estimate of $132.01 million. With the consensus EPS estimate being -$1.09, the EPS surprise was -7.34%.
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.
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 Travere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Tiopronin products / Thiola: $25.89 million versus $23.84 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
Revenue- FILSPARI: $8.04 million versus $9.02 million estimated by seven analysts on average.
Revenue- Bile acid products: $33.93 million versus the six-analyst average estimate of $26.60 million. The reported number represents a year-over-year change of +33.5%.
Revenue- License and collaboration revenue: $3.16 million versus the four-analyst average estimate of $2.49 million. The reported number represents a year-over-year change of +16.9%.
Shares of Travere have returned -6.7% over the past month versus the Zacks S&P 500 composite's +1.5% 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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Travere (TVTX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Travere Therapeutics (TVTX - Free Report) reported $37.1 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 30.7%. EPS of -$1.17 for the same period compares to -$1.09 a year ago.
The reported revenue represents a surprise of -71.90% over the Zacks Consensus Estimate of $132.01 million. With the consensus EPS estimate being -$1.09, the EPS surprise was -7.34%.
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.
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 Travere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Tiopronin products / Thiola: $25.89 million versus $23.84 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
- Revenue- FILSPARI: $8.04 million versus $9.02 million estimated by seven analysts on average.
- Revenue- Bile acid products: $33.93 million versus the six-analyst average estimate of $26.60 million. The reported number represents a year-over-year change of +33.5%.
- Revenue- License and collaboration revenue: $3.16 million versus the four-analyst average estimate of $2.49 million. The reported number represents a year-over-year change of +16.9%.
View all Key Company Metrics for Travere here>>>Shares of Travere have returned -6.7% over the past month versus the Zacks S&P 500 composite's +1.5% 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.