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Corcept (CORT) Up 9.2% Since Last Earnings Report: Can It Continue?

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It has been about a month since the last earnings report for Corcept Therapeutics (CORT - Free Report) . Shares have added about 9.2% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Corcept due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Corcept Q3 Earnings & Revenues Lag Estimates, 2025 View Cut

Corcept reported third-quarter 2025 earnings of 16 cents per share, which missed the Zacks Consensus Estimate of 18 cents. The company had reported earnings of 41 cents per share in the year-ago quarter.

Revenues in the third quarter increased around 14% year over year to $207.6 million. The figure, however, missed the Zacks Consensus Estimate of $219 million. The top line solely comprised product sales of the Cushing’s syndrome drug, Korlym.

Quarter in Detail

Revenues from Korlym missed our model estimate of $222.6 million.

Research and development expenses rose 16% year over year to $68.8 million.

Selling, general and administrative expenses increased around 68.2% year over year to $124 million.

Consequently, operating expenses increased 30.8% year over year to $197.4 million in the third quarter.

Cash and investments, as of Sept 30, 2025, totaled $524.2 million compared with $515 million as of June 30, 2025.

2025 Guidance

Corcept lowered its total revenue guidance for 2025.

For the full-year 2025, the company now expects total revenues in the range of $800-$850 million compared with the earlier projection of $850-$900 million.

How Have Estimates Been Moving Since Then?

It turns out, fresh estimates have trended downward during the past month.

The consensus estimate has shifted -36.91% due to these changes.

VGM Scores

Currently, Corcept has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Corcept has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry Player

Corcept is part of the Zacks Medical - Drugs industry. Over the past month, United Therapeutics (UTHR - Free Report) , a stock from the same industry, has gained 7.5%. The company reported its results for the quarter ended September 2025 more than a month ago.

United Therapeutics reported revenues of $799.5 million in the last reported quarter, representing a year-over-year change of +6.8%. EPS of $7.16 for the same period compares with $6.39 a year ago.

United Therapeutics is expected to post earnings of $6.74 per share for the current quarter, representing a year-over-year change of +8.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.8%.

United Therapeutics has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.


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