S&P 500 (NYSE:SPY) component Celgene (NASDAQ:CELG) will unveil its latest earnings tomorrow, Thursday, January 24, 2013. Celgene is a biopharmaceutical company that develops innovative therapies to treat cancer and immune-inflammatory related diseases.
Celgene Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.18 per share, a rise of 21.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.19. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.18 during the last month. For the year, analysts are projecting profit of $4.42 per share, a rise of 28.9% from last year.
Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at net income of $1.19 per share against an estimate of profit of. The company also topped expectations in the second quarter.
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Here’s how Celgene traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: