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Exelixis (EXEL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Exelixis (EXEL - Free Report) reported $637.18 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 35.6%. EPS of $0.84 for the same period compares to $0.31 a year ago.
The reported revenue represents a surprise of +36.09% over the Zacks Consensus Estimate of $468.21 million. With the consensus EPS estimate being $0.37, the EPS surprise was +127.03%.
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 Exelixis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Net product
: $437.58 million versus $417.74 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change.
Revenues- Net product- CABOMETYX
: $433.34 million versus $411.70 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
Revenues- Net product- COMETRIQ
: $4.24 million versus the seven-analyst average estimate of $4.24 million. The reported number represents a year-over-year change of -33.3%.
Revenues- License
: $194.99 million versus the four-analyst average estimate of $45.13 million. The reported number represents a year-over-year change of +269.7%.
Revenues- Collaboration services
: $4.61 million versus $5.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -38.2% change.
Shares of Exelixis have returned +6.5% 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.
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Exelixis (EXEL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Exelixis (EXEL - Free Report) reported $637.18 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 35.6%. EPS of $0.84 for the same period compares to $0.31 a year ago.
The reported revenue represents a surprise of +36.09% over the Zacks Consensus Estimate of $468.21 million. With the consensus EPS estimate being $0.37, the EPS surprise was +127.03%.
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 Exelixis 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 Exelixis here>>>Revenues- Net product
: $437.58 million versus $417.74 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change.Revenues- Net product- CABOMETYX
: $433.34 million versus $411.70 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.Revenues- Net product- COMETRIQ
: $4.24 million versus the seven-analyst average estimate of $4.24 million. The reported number represents a year-over-year change of -33.3%.Revenues- License
: $194.99 million versus the four-analyst average estimate of $45.13 million. The reported number represents a year-over-year change of +269.7%.Revenues- Collaboration services
: $4.61 million versus $5.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -38.2% change.Shares of Exelixis have returned +6.5% 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.