We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amgen (AMGN) Reports Q2 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Amgen (AMGN - Free Report) reported $8.39 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 20.1%. EPS of $4.97 for the same period compares to $5.00 a year ago.
The reported revenue represents a surprise of +0.98% over the Zacks Consensus Estimate of $8.31 billion. With the consensus EPS estimate being $4.93, the EPS surprise was +0.81%.
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 Amgen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Product Sales- EPOGEN- US
: $32 million versus the nine-analyst average estimate of $45.43 million. The reported number represents a year-over-year change of -47.5%.
Product Sales- TEPEZZA- US
: $478 million compared to the $476.11 million average estimate based on six analysts.
Product Sales- Enbrel- US
: $902 million compared to the $931 million average estimate based on six analysts. The reported number represents a change of -14.5% year over year.
Product Sales- Enbrel- ROW
: $7 million versus $10.53 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -46.2% change.
Revenue- Other revenues
: $347 million versus the 10-analyst average estimate of $330.72 million. The reported number represents a year-over-year change of +14.5%.
Product Sales- Neulasta- Total
: $105 million versus $135.46 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -55.5% change.
Revenue- Product sales
: $8.04 billion versus $7.97 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +20.3% change.
Product Sales- EPOGEN- Total
: $32 million versus the 10-analyst average estimate of $45.49 million. The reported number represents a year-over-year change of -47.5%.
Product Sales- BLINCYTO- Total
: $264 million compared to the $254.05 million average estimate based on 10 analysts. The reported number represents a change of +28.2% year over year.
Product Sales- Enbrel- Total
: $909 million compared to the $951.72 million average estimate based on 10 analysts. The reported number represents a change of -14.9% year over year.
Product Sales- Vectibix- Total
: $270 million compared to the $254.10 million average estimate based on 10 analysts. The reported number represents a change of +8.9% year over year.
Product Sales- Repatha- Total
: $532 million compared to the $531.24 million average estimate based on 10 analysts. The reported number represents a change of +25.5% year over year.
Shares of Amgen have returned +4.4% over the past month versus the Zacks S&P 500 composite's -6.7% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Amgen (AMGN) Reports Q2 Earnings: What Key Metrics Have to Say
Amgen (AMGN - Free Report) reported $8.39 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 20.1%. EPS of $4.97 for the same period compares to $5.00 a year ago.
The reported revenue represents a surprise of +0.98% over the Zacks Consensus Estimate of $8.31 billion. With the consensus EPS estimate being $4.93, the EPS surprise was +0.81%.
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 Amgen 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 Amgen here>>>Product Sales- EPOGEN- US
: $32 million versus the nine-analyst average estimate of $45.43 million. The reported number represents a year-over-year change of -47.5%.Product Sales- TEPEZZA- US
: $478 million compared to the $476.11 million average estimate based on six analysts.Product Sales- Enbrel- US
: $902 million compared to the $931 million average estimate based on six analysts. The reported number represents a change of -14.5% year over year.Product Sales- Enbrel- ROW
: $7 million versus $10.53 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -46.2% change.Revenue- Other revenues
: $347 million versus the 10-analyst average estimate of $330.72 million. The reported number represents a year-over-year change of +14.5%.Product Sales- Neulasta- Total
: $105 million versus $135.46 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -55.5% change.Revenue- Product sales
: $8.04 billion versus $7.97 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +20.3% change.Product Sales- EPOGEN- Total
: $32 million versus the 10-analyst average estimate of $45.49 million. The reported number represents a year-over-year change of -47.5%.Product Sales- BLINCYTO- Total
: $264 million compared to the $254.05 million average estimate based on 10 analysts. The reported number represents a change of +28.2% year over year.Product Sales- Enbrel- Total
: $909 million compared to the $951.72 million average estimate based on 10 analysts. The reported number represents a change of -14.9% year over year.Product Sales- Vectibix- Total
: $270 million compared to the $254.10 million average estimate based on 10 analysts. The reported number represents a change of +8.9% year over year.Product Sales- Repatha- Total
: $532 million compared to the $531.24 million average estimate based on 10 analysts. The reported number represents a change of +25.5% year over year.Shares of Amgen have returned +4.4% over the past month versus the Zacks S&P 500 composite's -6.7% 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.