Savient Pharmaceuticals Earnings: Everything You Must Know Now
Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) 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.
Savient Pharmaceuticals, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.35 in the quarter versus EPS of $-0.23 in the year-earlier quarter.
Revenue: Rose 31.75% to $6.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Savient Pharmaceuticals, Inc. reported adjusted EPS loss of $0.35 per share. By that measure, the company missed the mean analyst estimate of $-0.31. It beat the average revenue estimate of $5.84 million.
Key Stats (on next page)…
Revenue increased 30.06% from $4.69 million in the previous quarter. EPS decreased to $-0.35 in the quarter versus EPS of $-0.34 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 $0.26 to a loss $0.28. For the current year, the average estimate has moved down from a loss of $1.10 to a loss of $1.21 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)