Analysts are estimating that Alkermes will report an earnings per share (EPS) of $0.74.
Anticipation surrounds Alkermes's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Overview of Past Earnings
The company's EPS beat by $0.02 in the last quarter, leading to a 5.77% increase in the share price on the following day.
Here's a look at Alkermes's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.70
0.58
0.51
0.43
EPS Actual
0.72
0.44
0.48
0.64
Price Change %
6.0%
-1.0%
-1.0%
5.0%
Performance of Alkermes Shares
Shares of Alkermes were trading at $28.1 as of October 22. Over the last 52-week period, shares are up 22.14%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Perspectives on Alkermes
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Alkermes.
Analysts have provided Alkermes with 7 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $41.14, suggesting a ...
