Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 06/17/2013

Company Name Symbol %Change
GLOBAL GEOPH GGS
7.79%
STAAR SURGIC STAA
6.23%
KAPSTONE PAP KS
6.14%
HORNBECK OFF HOS
5.99%
ANIKA THERAP ANIK
5.55%

UCB Continues to Impress

by Zacks Equity Research

March 06, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

UCB (UCBJF) posted full year 2011 adjusted earnings of $1.84 per share, sky-rocketing 143.4% from the year-ago earnings. Higher revenues and lower costs boosted earnings.

Revenues

Annual revenues increased 6.0% to $4,525.9 million, driven by strong sales of Cimzia, Vimpat, Neupro and Keppra. [All growth rates are at constant currency basis]

While Cimzia (Crohn’s disease and rheumatoid arthritis) sales went up 63% in 2011, Vimpat (epilepsy) sales increased 70%. Neupro, which is marketed as a treatment for Parkinson’s disease and restless legs syndrome, posted a sales growth of 16% from the year-ago figure. Sales of Keppra, also for epilepsy treatment, increased 3%.

The sales of all three drugs – Cimzia, Vimpat and Neupro – experienced growth riding on improved patient demand. Increased penetration in the ex-US markets and less-than-expected generic competition helped drive Keppra sales.

Other Details

In 2011, gross profit went up 3%, as a result of higher sales and reduced cost of sales. Operating expenses climbed 6% during the reported period, as a result of higher marketing & selling expenses and increased research & development expenses.

Increased costs associated with expenses for the launch of new products in new markets resulted in higher marketing & selling expenses. Further, investment in late-stage pipeline and the initiation of multiple development programs led to the upside in research & development expenses.

Forecast for 2012

UCB expects 2012 adjusted earnings per share to be in the range of €1.60 to €1.70, on revenues of €3.1 billion.

The company anticipates 2012 results to be driven by the continued sales of Cimzia, Vimpat, Neupro and Keppra.

Our View

We currently have a Zacks #3 Rank (short-term Hold rating) on UCB. We expect UCB to continue posting strong results riding on Cimzia, Vimpat, Neupro and Keppra sales.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.