Vanda Prescribed drugs (VNDA) got here out with quarterly earnings of $0.17 per share, in keeping with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a yr in the past. These figures are adjusted for non-recurring objects.
1 / 4 in the past, it was anticipated that this biopharmaceutical firm would put up earnings of $0.14 per share when it truly produced earnings of $0.15, delivering a shock of seven.14%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Vanda, which belongs to the Zacks Medical – Biomedical and Genetics business, posted revenues of $67.9 million for the quarter ended June 2021, lacking the Zacks Consensus Estimate by 4.37%. This compares to year-ago revenues of $62.21 million. The corporate has topped consensus income estimates two instances over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Vanda shares have added about 46.9% for the reason that starting of the yr versus the S&P 500’s acquire of 17.2%.
What’s Subsequent for Vanda?
Whereas Vanda has outperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Vanda was combined. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You possibly can see the whole listing of at this time’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.18 on $72.5 million in revenues for the approaching quarter and $0.62 on $283.Four million in revenues for the present fiscal yr.
Traders ought to be aware of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Medical – Biomedical and Genetics is presently within the backside 19% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Vanda Prescribed drugs Inc. (VNDA): Free Inventory Evaluation Report
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