Specialty pharmaceutical company Supernus Pharmaceuticals (NASDAQ: SUPN) will be announcing earnings results this Thursday after market hours. Here’s what to expect.
Supernus Pharmaceuticals beat analysts’ revenue expectations last quarter, reporting revenues of $211.3 million, up 27.7% year on year. It was a very strong quarter for the company, with full-year operating income guidance exceeding analysts’ expectations and full-year revenue guidance slightly topping analysts’ expectations.
Is Supernus Pharmaceuticals a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Supernus Pharmaceuticals’s revenue to grow 13.7% year on year, slowing from the 16.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Supernus Pharmaceuticals has a history of exceeding Wall Street’s expectations.
With Supernus Pharmaceuticals being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for pharmaceuticals stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.6% on average over the last month. Supernus Pharmaceuticals is down 8.2% during the same time .
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