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Apellis Pharmaceuticals (APLS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Apellis Pharmaceuticals, Inc. (APLS - Free Report) reported revenue of $172.33 million, up 284.2% over the same period last year. EPS came in at -$0.54, compared to -$1.56 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $160.51 million, representing a surprise of +7.36%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.54.
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.
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 Apellis Pharmaceuticals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Product revenue, net: $163.08 million versus the eight-analyst average estimate of $152.47 million.
Revenue- Licensing and other revenue: $9.25 million versus the eight-analyst average estimate of $8.04 million.
Product Revenue- EMPAVELI: $25.61 million compared to the $25.47 million average estimate based on four analysts.
Product Revenue- SYFOVRE: $137.47 million compared to the $132.52 million average estimate based on four analysts.
Shares of Apellis Pharmaceuticals have returned -9.3% over the past month versus the Zacks S&P 500 composite's -0.4% 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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Apellis Pharmaceuticals (APLS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Apellis Pharmaceuticals, Inc. (APLS - Free Report) reported revenue of $172.33 million, up 284.2% over the same period last year. EPS came in at -$0.54, compared to -$1.56 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $160.51 million, representing a surprise of +7.36%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.54.
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.
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 Apellis Pharmaceuticals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Product revenue, net: $163.08 million versus the eight-analyst average estimate of $152.47 million.
- Revenue- Licensing and other revenue: $9.25 million versus the eight-analyst average estimate of $8.04 million.
- Product Revenue- EMPAVELI: $25.61 million compared to the $25.47 million average estimate based on four analysts.
- Product Revenue- SYFOVRE: $137.47 million compared to the $132.52 million average estimate based on four analysts.
View all Key Company Metrics for Apellis Pharmaceuticals here>>>Shares of Apellis Pharmaceuticals have returned -9.3% over the past month versus the Zacks S&P 500 composite's -0.4% 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.