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Here's What Key Metrics Tell Us About Pacira (PCRX) Q1 Earnings
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Pacira (PCRX - Free Report) reported $167.12 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 4.2%. EPS of $0.62 for the same period compares to $0.53 a year ago.
The reported revenue represents a surprise of +1.02% over the Zacks Consensus Estimate of $165.43 million. With the consensus EPS estimate being $0.64, the EPS surprise was -3.12%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pacira performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total net product sales: $165.82 million versus the six-analyst average estimate of $166.98 million. The reported number represents a year-over-year change of +4%.
Net product sales- ZILRETTA: $25.84 million versus $26.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
Net product sales- Royalty revenue: $1.29 million versus the five-analyst average estimate of $0.82 million. The reported number represents a year-over-year change of +42.1%.
Net product sales- EXPAREL: $132.43 million compared to the $134.56 million average estimate based on five analysts. The reported number represents a change of +1.6% year over year.
Net product sales- iovera: $5.03 million compared to the $5.15 million average estimate based on five analysts. The reported number represents a change of +25.7% year over year.
Net product sales- Bupivacaine liposome injectable suspension: $2.53 million versus $0.92 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +267% change.
Shares of Pacira have returned -7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Pacira (PCRX) Q1 Earnings
Pacira (PCRX - Free Report) reported $167.12 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 4.2%. EPS of $0.62 for the same period compares to $0.53 a year ago.
The reported revenue represents a surprise of +1.02% over the Zacks Consensus Estimate of $165.43 million. With the consensus EPS estimate being $0.64, the EPS surprise was -3.12%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pacira performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total net product sales: $165.82 million versus the six-analyst average estimate of $166.98 million. The reported number represents a year-over-year change of +4%.
- Net product sales- ZILRETTA: $25.84 million versus $26.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
- Net product sales- Royalty revenue: $1.29 million versus the five-analyst average estimate of $0.82 million. The reported number represents a year-over-year change of +42.1%.
- Net product sales- EXPAREL: $132.43 million compared to the $134.56 million average estimate based on five analysts. The reported number represents a change of +1.6% year over year.
- Net product sales- iovera: $5.03 million compared to the $5.15 million average estimate based on five analysts. The reported number represents a change of +25.7% year over year.
- Net product sales- Bupivacaine liposome injectable suspension: $2.53 million versus $0.92 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +267% change.
View all Key Company Metrics for Pacira here>>>Shares of Pacira have returned -7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.