Viatris (VTRS - Free Report) reported $3.94 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.3%. EPS of $0.78 for the same period compares to $0.86 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.98 billion, representing a surprise of -1.01%. The company delivered an EPS surprise of +5.41%, with the consensus EPS estimate being $0.74.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Viatris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Developed Markets: $2.41 billion versus $2.37 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
- Net Sales- JANZ: $334.50 million versus $369.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12.7% change.
- Net Sales- Developed Markets- Brands: $1.39 billion versus the two-analyst average estimate of $1.36 billion.
- Net Sales- Developed Markets- Complex Generics & Biosimilars: $166.10 million compared to the $159.94 million average estimate based on two analysts.
- Other revenues: $8 million versus the two-analyst average estimate of $8.12 million.
- Net Sales- JANZ- Brands: $185.70 million versus the two-analyst average estimate of $208.49 million.
- Net Sales- JANZ- Complex Generics & Biosimilars: $8 million versus $6.62 million estimated by two analysts on average.
- Net Sales- JANZ- Generics: $140.80 million versus $154.74 million estimated by two analysts on average.
- Total Net Sales: $3.93 billion compared to the $3.98 billion average estimate based on two analysts.
- Net Sales- Developed Markets- Generics: $851.10 million versus the two-analyst average estimate of $854.95 million.
View all Key Company Metrics for Viatris here>>>Shares of Viatris have returned -4.2% over the past month versus the Zacks S&P 500 composite's +0.4% 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.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Viatris (VTRS - Free Report) reported $3.94 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.3%. EPS of $0.78 for the same period compares to $0.86 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.98 billion, representing a surprise of -1.01%. The company delivered an EPS surprise of +5.41%, with the consensus EPS estimate being $0.74.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Viatris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Developed Markets: $2.41 billion versus $2.37 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
- Net Sales- JANZ: $334.50 million versus $369.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12.7% change.
- Net Sales- Developed Markets- Brands: $1.39 billion versus the two-analyst average estimate of $1.36 billion.
- Net Sales- Developed Markets- Complex Generics & Biosimilars: $166.10 million compared to the $159.94 million average estimate based on two analysts.
- Other revenues: $8 million versus the two-analyst average estimate of $8.12 million.
- Net Sales- JANZ- Brands: $185.70 million versus the two-analyst average estimate of $208.49 million.
- Net Sales- JANZ- Complex Generics & Biosimilars: $8 million versus $6.62 million estimated by two analysts on average.
- Net Sales- JANZ- Generics: $140.80 million versus $154.74 million estimated by two analysts on average.
- Total Net Sales: $3.93 billion compared to the $3.98 billion average estimate based on two analysts.
- Net Sales- Developed Markets- Generics: $851.10 million versus the two-analyst average estimate of $854.95 million.
View all Key Company Metrics for Viatris here>>>Shares of Viatris have returned -4.2% over the past month versus the Zacks S&P 500 composite's +0.4% 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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