Biotechnology company United Therapeutics (NASDAQ: UTHR) will be reporting results this Wednesday before the bell. Here’s what you need to know.
United Therapeutics missed analysts’ revenue expectations last quarter, reporting revenues of $781.5 million, down 1.6% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.
Is United Therapeutics a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting United Therapeutics’s revenue to decline 4.1% year on year, a reversal from the 11.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. United Therapeutics has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at United Therapeutics’s peers in the therapeutics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Biogen delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 12.1%, and Moderna reported revenues up 2.1%, topping estimates by 35.8%. Biogen traded up 1.1% following the results while Moderna was down 4.8%.
Read our full analysis of Biogen’s results here and Moderna’s results here.
Investors in the therapeutics segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. United Therapeutics is down 5.8% during the same time and is heading into earnings with an average analyst price target of $663.23 (compared to the current share price of $515.78).
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