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Heron Therapeutics (HRTX) Reports Q1 Earnings: What Key Metrics Have to Say
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Heron Therapeutics (HRTX - Free Report) reported $34.67 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 17.1%. EPS of -$0.02 for the same period compares to -$0.27 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $32.5 million, representing a surprise of +6.68%. The company delivered an EPS surprise of +75.00%, with the consensus EPS estimate being -$0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Heron Therapeutics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Product Sales- Oncology Care Franchise- Sustol: $3.60 million versus $3.05 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20.7% change.
Net Product Sales- Acute Care Franchise- Aponvie: $0.50 million compared to the $0.70 million average estimate based on three analysts.
Net Product Sales- Acute Care Franchise- Zynrelef: $5 million compared to the $5.83 million average estimate based on three analysts. The reported number represents a change of +41.5% year over year.
Net Product Sales- Oncology Care Franchise- Cinvanti: $25.60 million versus the three-analyst average estimate of $22.88 million. The reported number represents a year-over-year change of +12%.
Shares of Heron Therapeutics have returned +3.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Heron Therapeutics (HRTX) Reports Q1 Earnings: What Key Metrics Have to Say
Heron Therapeutics (HRTX - Free Report) reported $34.67 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 17.1%. EPS of -$0.02 for the same period compares to -$0.27 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $32.5 million, representing a surprise of +6.68%. The company delivered an EPS surprise of +75.00%, with the consensus EPS estimate being -$0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Heron Therapeutics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Product Sales- Oncology Care Franchise- Sustol: $3.60 million versus $3.05 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20.7% change.
- Net Product Sales- Acute Care Franchise- Aponvie: $0.50 million compared to the $0.70 million average estimate based on three analysts.
- Net Product Sales- Acute Care Franchise- Zynrelef: $5 million compared to the $5.83 million average estimate based on three analysts. The reported number represents a change of +41.5% year over year.
- Net Product Sales- Oncology Care Franchise- Cinvanti: $25.60 million versus the three-analyst average estimate of $22.88 million. The reported number represents a year-over-year change of +12%.
View all Key Company Metrics for Heron Therapeutics here>>>Shares of Heron Therapeutics have returned +3.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.