Ardelyx (ARDX - Free Report) reported $34.36 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 22.2%. EPS of -$0.12 for the same period compares to $0.06 a year ago.
The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $34.42 million. With the consensus EPS estimate being -$0.09, the EPS surprise was -33.33%.
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 Ardelyx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Product sales, net: $30.58 million compared to the $28.59 million average estimate based on five analysts.
- Revenues- Licensing revenue: $3.02 million versus the four-analyst average estimate of $3.75 million.
- Revenues- Product supply revenue: $0.77 million versus $1.83 million estimated by three analysts on average.
View all Key Company Metrics for Ardelyx here>>>Shares of Ardelyx have returned +0.1% over the past month versus the Zacks S&P 500 composite's +3.1% 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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Ardelyx (ARDX - Free Report) reported $34.36 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 22.2%. EPS of -$0.12 for the same period compares to $0.06 a year ago.
The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $34.42 million. With the consensus EPS estimate being -$0.09, the EPS surprise was -33.33%.
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 Ardelyx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Product sales, net: $30.58 million compared to the $28.59 million average estimate based on five analysts.
- Revenues- Licensing revenue: $3.02 million versus the four-analyst average estimate of $3.75 million.
- Revenues- Product supply revenue: $0.77 million versus $1.83 million estimated by three analysts on average.
View all Key Company Metrics for Ardelyx here>>>Shares of Ardelyx have returned +0.1% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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