For the quarter ended December 2023, MannKind (MNKD - Free Report) reported revenue of $58.47 million, up 62.2% over the same period last year. EPS came in at $0.02, compared to -$0.07 in the year-ago quarter.
The reported revenue represents a surprise of +11.67% over the Zacks Consensus Estimate of $52.36 million. With the consensus EPS estimate being -$0.01, the EPS surprise was +300.00%.
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 MannKind performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Royalties - collaborations: $21.03 million versus $19.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +120.3% change.
- Revenues- Revenue - collaborations and services: $17.25 million compared to the $15.46 million average estimate based on four analysts.
- Revenues- Net revenue - commercial product sales: $20.20 million compared to the $19.42 million average estimate based on four analysts. The reported number represents a change of +15.8% year over year.
View all Key Company Metrics for MannKind here>>>Shares of MannKind have returned +1.7% over the past month versus the Zacks S&P 500 composite's +3.8% 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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For the quarter ended December 2023, MannKind (MNKD - Free Report) reported revenue of $58.47 million, up 62.2% over the same period last year. EPS came in at $0.02, compared to -$0.07 in the year-ago quarter.
The reported revenue represents a surprise of +11.67% over the Zacks Consensus Estimate of $52.36 million. With the consensus EPS estimate being -$0.01, the EPS surprise was +300.00%.
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 MannKind performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Royalties - collaborations: $21.03 million versus $19.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +120.3% change.
- Revenues- Revenue - collaborations and services: $17.25 million compared to the $15.46 million average estimate based on four analysts.
- Revenues- Net revenue - commercial product sales: $20.20 million compared to the $19.42 million average estimate based on four analysts. The reported number represents a change of +15.8% year over year.
View all Key Company Metrics for MannKind here>>>Shares of MannKind have returned +1.7% over the past month versus the Zacks S&P 500 composite's +3.8% 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.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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