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Biogen (BIIB) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Biogen Inc. (BIIB - Free Report) reported revenue of $2.47 billion, down 2.6% over the same period last year. EPS came in at $4.08, compared to $4.36 in the year-ago quarter.
The reported revenue represents a surprise of +0.92% over the Zacks Consensus Estimate of $2.44 billion. With the consensus EPS estimate being $3.77, the EPS surprise was +8.22%.
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 Biogen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Product- Multiple Sclerosis (MS)- Fumarate- TECFIDERA- United States: $40.10 million versus $39.76 million estimated by 20 analysts on average. Compared to the year-ago quarter, this number represents a -31% change.
Revenue- Product- Multiple Sclerosis (MS)- Fumarate- TECFIDERA- Rest of world: $192.70 million versus $191.48 million estimated by 20 analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
Revenue- Product- Multiple Sclerosis (MS)- TYSABRI- United States: $227.50 million versus $214.82 million estimated by 20 analysts on average. Compared to the year-ago quarter, this number represents a -7.1% change.
Revenue- Product- Rare Disease- SPINRAZA- Rest of World: $228.30 million compared to the $280.58 million average estimate based on 20 analysts. The reported number represents a change of -23.3% year over year.
Revenue- Product- Multiple Sclerosis (MS)- TYSABRI- Total: $406.10 million versus the 23-analyst average estimate of $412.78 million. The reported number represents a year-over-year change of -11%.
Revenue- Contract manufacturing, royalty and other revenue: $250.20 million versus the 23-analyst average estimate of $147.08 million. The reported number represents a year-over-year change of -17.8%.
Revenue- Product- Rare Disease- SPINRAZA- Total: $381.40 million versus $434.55 million estimated by 23 analysts on average. Compared to the year-ago quarter, this number represents a -14.9% change.
Revenue- Product- Rare Disease- SKYCLARYS- Total: $102.30 million versus $111.68 million estimated by 22 analysts on average.
Revenue- Anti-CD20 therapeutic programs: $446.20 million versus the 22-analyst average estimate of $439.58 million. The reported number represents a year-over-year change of +6%.
Revenue- Product, net: $1.77 billion versus $1.85 billion estimated by 22 analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
Revenue- Product- Biosimilars- Total: $196.60 million versus $202.40 million estimated by 21 analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.
Revenue- Product- Multiple Sclerosis (MS)- Fumarate- VUMERITY- Total: $158.10 million compared to the $171.34 million average estimate based on 21 analysts. The reported number represents a change of -4.5% year over year.
Shares of Biogen have returned -3.8% 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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Biogen (BIIB) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Biogen Inc. (BIIB - Free Report) reported revenue of $2.47 billion, down 2.6% over the same period last year. EPS came in at $4.08, compared to $4.36 in the year-ago quarter.
The reported revenue represents a surprise of +0.92% over the Zacks Consensus Estimate of $2.44 billion. With the consensus EPS estimate being $3.77, the EPS surprise was +8.22%.
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 Biogen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Product- Multiple Sclerosis (MS)- Fumarate- TECFIDERA- United States: $40.10 million versus $39.76 million estimated by 20 analysts on average. Compared to the year-ago quarter, this number represents a -31% change.
- Revenue- Product- Multiple Sclerosis (MS)- Fumarate- TECFIDERA- Rest of world: $192.70 million versus $191.48 million estimated by 20 analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
- Revenue- Product- Multiple Sclerosis (MS)- TYSABRI- United States: $227.50 million versus $214.82 million estimated by 20 analysts on average. Compared to the year-ago quarter, this number represents a -7.1% change.
- Revenue- Product- Rare Disease- SPINRAZA- Rest of World: $228.30 million compared to the $280.58 million average estimate based on 20 analysts. The reported number represents a change of -23.3% year over year.
- Revenue- Product- Multiple Sclerosis (MS)- TYSABRI- Total: $406.10 million versus the 23-analyst average estimate of $412.78 million. The reported number represents a year-over-year change of -11%.
- Revenue- Contract manufacturing, royalty and other revenue: $250.20 million versus the 23-analyst average estimate of $147.08 million. The reported number represents a year-over-year change of -17.8%.
- Revenue- Product- Rare Disease- SPINRAZA- Total: $381.40 million versus $434.55 million estimated by 23 analysts on average. Compared to the year-ago quarter, this number represents a -14.9% change.
- Revenue- Product- Rare Disease- SKYCLARYS- Total: $102.30 million versus $111.68 million estimated by 22 analysts on average.
- Revenue- Anti-CD20 therapeutic programs: $446.20 million versus the 22-analyst average estimate of $439.58 million. The reported number represents a year-over-year change of +6%.
- Revenue- Product, net: $1.77 billion versus $1.85 billion estimated by 22 analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
- Revenue- Product- Biosimilars- Total: $196.60 million versus $202.40 million estimated by 21 analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.
- Revenue- Product- Multiple Sclerosis (MS)- Fumarate- VUMERITY- Total: $158.10 million compared to the $171.34 million average estimate based on 21 analysts. The reported number represents a change of -4.5% year over year.
View all Key Company Metrics for Biogen here>>>Shares of Biogen have returned -3.8% 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.