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Compared to Estimates, Ultragenyx (RARE) Q2 Earnings: A Look at Key Metrics
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Ultragenyx (RARE - Free Report) reported $147.03 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 35.8%. EPS of -$1.52 for the same period compares to -$2.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $123.42 million, representing a surprise of +19.13%. The company delivered an EPS surprise of +7.32%, with the consensus EPS estimate being -$1.64.
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 Ultragenyx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Product sales- Mepsevii
: $6.15 million versus the nine-analyst average estimate of $7.78 million. The reported number represents a year-over-year change of -27.2%.
Revenues- Product sales- Dojolvi
: $19.36 million versus $18.57 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +17.4% change.
Revenues- Product sales- Crysvita
: $40.45 million versus the seven-analyst average estimate of $29.94 million. The reported number represents a year-over-year change of +139.6%.
Revenues- Product sales
: $73.81 million versus the six-analyst average estimate of $61.18 million. The reported number represents a year-over-year change of +75%.
Revenues- Product sales- Evkeeza
: $7.86 million versus $4.09 million estimated by six analysts on average.
Revenues- Non-cash collaboration royalty revenue
: $73.22 million versus $63.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1420.4% change.
Shares of Ultragenyx have returned +12% over the past month versus the Zacks S&P 500 composite's +1.1% 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, Ultragenyx (RARE) Q2 Earnings: A Look at Key Metrics
Ultragenyx (RARE - Free Report) reported $147.03 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 35.8%. EPS of -$1.52 for the same period compares to -$2.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $123.42 million, representing a surprise of +19.13%. The company delivered an EPS surprise of +7.32%, with the consensus EPS estimate being -$1.64.
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 Ultragenyx 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 Ultragenyx here>>>Revenues- Product sales- Mepsevii
: $6.15 million versus the nine-analyst average estimate of $7.78 million. The reported number represents a year-over-year change of -27.2%.Revenues- Product sales- Dojolvi
: $19.36 million versus $18.57 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +17.4% change.Revenues- Product sales- Crysvita
: $40.45 million versus the seven-analyst average estimate of $29.94 million. The reported number represents a year-over-year change of +139.6%.Revenues- Product sales
: $73.81 million versus the six-analyst average estimate of $61.18 million. The reported number represents a year-over-year change of +75%.Revenues- Product sales- Evkeeza
: $7.86 million versus $4.09 million estimated by six analysts on average.Revenues- Non-cash collaboration royalty revenue
: $73.22 million versus $63.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1420.4% change.Shares of Ultragenyx have returned +12% over the past month versus the Zacks S&P 500 composite's +1.1% 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.