Dublin, Ireland-based Horizon Pharma plc HZNP is a biopharmaceutical focused on identifying, developing, acquiring and commercializing products that address unmet therapeutic needs in arthritis, pain, inflammatory and orphan diseases.
The company operates through three business units – Orphan, Primary Care and Rheumatology. Its portfolio currently comprises nine marketed products. Key products include Actimmune (chronic granulomatous disease and severe malignant osteopetrosis) and Duexis (signs and symptoms of osteoarthritis and rheumatoid arthritis) among others.
The company has been actively pursuing acquisitions to expand and diversify its portfolio. In this scenario, investor focus remains on the company’s performance apart from the usual top-and bottom-line numbers.
Horizon beat earnings estimates by 241.7% in the last quarter. Overall, Horizon has beaten earnings estimates thrice in the four quarters with an average positive surprise of 65.9%. Currently, Horizon Pharma has a Zacks Rank #4 (Sell), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Horizon Pharma PLC Price, Consensus and EPS Surprise
Horizon Pharma PLC Price, Consensus and EPS Surprise | Horizon Pharma PLC Quote
Earnings: Horizon Pharma’s third-quarter 2017 earnings easily beat expectations. Our consensus called for EPS of 22 cents, and the company reported EPS of 26 cents.
Revenues: Revenues in the reported quarter also beat expectations. Horizon Pharma posted revenues of $271.6 million which surpassed our consensus estimate of $254.1 million.
Key Stats: The company generated strong performance in its orphan and rheumatology business units, with sales of Krystexxa and Ravicti rising 67% and 2%. However, sales from primary care business unit declined due to the implementation of the new contracting model with pharmacy benefit managers.
2017 Outlook: The company upped its outlook for 2017 and now expects sales in the range of $1.030 billion to $1.050 billion, compared to the earlier estimate of $1.010 billion – $1.045 billion.
Pre-Market Trading: Shares are trading up in pre-market trading.
Check back later for our full write up on this HZNP earnings report later!
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