Incyte Earnings: Here’s Why Investors are Happy Now

Incyte Corporation (NASDAQ:INCY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.06%.

Incyte Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.14 in the quarter versus EPS of $-0.44 in the year-earlier quarter.

Revenue: Rose 294.08% to $113.85 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Incyte Corporation reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $-0.02. It beat the average revenue estimate of $92.03 million.

Quoting Management: “We are very pleased with our quarter over quarter growth in underlying demand, which was 17 percent,” stated Jim Daly, Incyte’s Executive Vice President and Chief Commercial Officer. “Given the solid foundation we’ve established for Jakafi, I’m confident that we’ll continue to see consistent growth over the next several years and have set net product revenue guidance for 2013 in the range of $210 million to $225 million.”

Key Stats (on next page)…

Revenue increased 88.21% from $60.49 million in the previous quarter. EPS increased to $0.14 in the quarter versus EPS of $-0.17 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.05 to a loss $0.09. For the current year, the average estimate has moved up from a loss of $0.55 to a loss of $0.49 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]