Navidea Biopharmaceuticals Earnings: Here’s Why Investors are Not Excited Now
Navidea Biopharmaceuticals Inc (NYSEMKT:NAVB) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 5.72%.
Navidea Biopharmaceuticals Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.09 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 233.33% to $200,000 from the year-earlier quarter.
Actual vs. Wall St. Expectations: Navidea Biopharmaceuticals Inc reported adjusted EPS loss of $0.09 per share. By that measure, the company missed the mean analyst estimate of $-0.07. It beat the average revenue estimate of $0.
Quoting Management: “The most significant event for Navidea this quarter was the launch of our first product, Lymphoseek®. Our launch is off to a great start and we are advancing our innovative portfolio with the initiation of the Phase 3 study of NAV4694 in Alzheimer’s disease. During the second half of 2013, we expect to further enhance our long-term growth with additional value enhancing pipeline events,” said Dr. Mark Pykett, Navidea CEO
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased to $-0.09 in the quarter versus EPS of $-0.06 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.06 and has not changed. For the current year, the average estimate is a loss of $0.23, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)