Alnylam (ALNY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

ALNY

For the quarter ended June 2023, Alnylam Pharmaceuticals (ALNY - Free Report) reported revenue of $318.75 million, up 41.8% over the same period last year. EPS came in at -$2.21, compared to -$2.29 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $331.73 million, representing a surprise of -3.91%. The company delivered an EPS surprise of -28.49%, with the consensus EPS estimate being -$1.72.

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 Alnylam performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Product revenues, net: $305.71 million compared to the $296.09 million average estimate based on eight analysts. The reported number represents a change of +43.2% year over year.
  • Net revenues from research collaborators: $5.84 million versus the eight-analyst average estimate of $28.46 million. The reported number represents a year-over-year change of -35.3%.
  • Royalty revenue: $7.21 million compared to the $8.09 million average estimate based on eight analysts. The reported number represents a change of +216.3% year over year.
  • Net Product Revenues- Givlaari: $57.90 million compared to the $51.83 million average estimate based on six analysts. The reported number represents a change of +28.2% year over year.
  • Net Product Revenue- Oxlumo: $24.21 million versus $27.31 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +62.1% change.
  • Net Product Revenues- Onpattro: $91.46 million compared to the $94.26 million average estimate based on five analysts. The reported number represents a change of -40.4% year over year.
  • Net Product Revenue- Amvuttra: $132.14 million compared to the $122.51 million average estimate based on five analysts.
View all Key Company Metrics for Alnylam here>>>

Shares of Alnylam have returned -2.9% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

See This Stock Now for Free >>