Santarus Earnings: Here’s Why the Stock is Rising Now

Santarus Inc. (NASDAQ:SNTS) 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 6.96%.

Santarus Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1780% to $0.94 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Rose 89.45% to $89.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Santarus Inc. reported adjusted EPS income of $0.94 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $82.9 million.

Quoting Management: “Our commercial efforts continue to drive strong financial performance with encouraging market uptake for UCERIS® and significant contributions from GLUMETZA® and ZEGERID®,” said Gerald T. Proehl, president and chief executive officer of Santarus. “Based on our robust second quarter performance, we are raising our financial outlook for 2013.”

Key Stats (on next page)…

Revenue increased 12.54% from $79.44 million in the previous quarter. EPS increased 276% from $0.25 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.20 to a profit $0.22. For the current year, the average estimate has moved down from a profit of $0.87 to a profit of $0.85 over the last ninety days.

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