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Novavax (NVAX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Novavax (NVAX - Free Report) reported revenue of $291.34 million, down 18.5% over the same period last year. EPS came in at -$1.44, compared to -$2.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $334.46 million, representing a surprise of -12.89%. The company delivered an EPS surprise of -193.88%, with the consensus EPS estimate being -$0.49.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Novavax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Product sales: $251.45 million versus $255.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -12.6% change.
Revenue- Grants: $37.94 million versus $64.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -45.5% change.
Revenue- Royalties and other: $19.47 million versus $17.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +49823.1% change.
Shares of Novavax have returned +49.4% over the past month versus the Zacks S&P 500 composite's +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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Novavax (NVAX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Novavax (NVAX - Free Report) reported revenue of $291.34 million, down 18.5% over the same period last year. EPS came in at -$1.44, compared to -$2.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $334.46 million, representing a surprise of -12.89%. The company delivered an EPS surprise of -193.88%, with the consensus EPS estimate being -$0.49.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Novavax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Product sales: $251.45 million versus $255.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -12.6% change.
- Revenue- Grants: $37.94 million versus $64.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -45.5% change.
- Revenue- Royalties and other: $19.47 million versus $17.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +49823.1% change.
View all Key Company Metrics for Novavax here>>>Shares of Novavax have returned +49.4% over the past month versus the Zacks S&P 500 composite's +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.