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Neurocrine (NBIX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Neurocrine Biosciences (NBIX - Free Report) reported $622.1 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 24.7%. EPS of $1.24 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $604.11 million, representing a surprise of +2.98%. The company delivered an EPS surprise of -15.65%, with the consensus EPS estimate being $1.47.
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 Neurocrine performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Product sales, net: $616.60 million compared to the $597.36 million average estimate based on 11 analysts. The reported number represents a change of +25.4% year over year.
Revenues- Collaboration revenue: $5.50 million versus the 10-analyst average estimate of $7.43 million. The reported number represents a year-over-year change of -21.4%.
Revenues- Product sales, net- INGREZZA: $612.90 million versus $596.27 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +26.1% change.
Revenues- Collaboration revenue- Royalty: $4.60 million versus $5.49 million estimated by four analysts on average.
Revenues- Product sales, net- Other: $3.70 million versus the two-analyst average estimate of $4 million.
Shares of Neurocrine have returned +1.8% over the past month versus the Zacks S&P 500 composite's +1.8% 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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Neurocrine (NBIX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Neurocrine Biosciences (NBIX - Free Report) reported $622.1 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 24.7%. EPS of $1.24 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $604.11 million, representing a surprise of +2.98%. The company delivered an EPS surprise of -15.65%, with the consensus EPS estimate being $1.47.
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 Neurocrine performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Product sales, net: $616.60 million compared to the $597.36 million average estimate based on 11 analysts. The reported number represents a change of +25.4% year over year.
- Revenues- Collaboration revenue: $5.50 million versus the 10-analyst average estimate of $7.43 million. The reported number represents a year-over-year change of -21.4%.
- Revenues- Product sales, net- INGREZZA: $612.90 million versus $596.27 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +26.1% change.
- Revenues- Collaboration revenue- Royalty: $4.60 million versus $5.49 million estimated by four analysts on average.
- Revenues- Product sales, net- Other: $3.70 million versus the two-analyst average estimate of $4 million.
View all Key Company Metrics for Neurocrine here>>>Shares of Neurocrine have returned +1.8% over the past month versus the Zacks S&P 500 composite's +1.8% 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.