Specialty pharmaceutical company Supernus Pharmaceuticals (NASDAQ: SUPN) will be reporting earnings this Tuesday after market hours. Here’s what you need to know.
Supernus Pharmaceuticals beat analysts’ revenue expectations by 7.4% last quarter, reporting revenues of $165.5 million, down 1.7% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.
Is Supernus Pharmaceuticals a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Supernus Pharmaceuticals’s revenue to grow 3.7% year on year to $182.1 million, slowing from the 14.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.82 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Supernus Pharmaceuticals has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 10.8% on average.
Looking at Supernus Pharmaceuticals’s peers in the branded pharmaceuticals segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Eli Lilly delivered year-on-year revenue growth of 53.9%, beating analysts’ expectations by 9.6%, and Bristol-Myers Squibb reported revenues up 2.9%, topping estimates by 3.7%. Eli Lilly traded up 6% following the results while Bristol-Myers Squibb was also up 8.1%.
Read our full analysis of Eli Lilly’s results here and Bristol-Myers Squibb’s results here.
Investors in the branded pharmaceuticals segment have had steady hands going into earnings, with share prices flat over the last month. Supernus Pharmaceuticals is up 16.3% during the same time and is heading into earnings with an average analyst price target of $59.33 (compared to the current share price of $56.19).
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