Biotechnology company United Therapeutics (NASDAQ: UTHR) will be reporting results this Wednesday before market hours. Here’s what to look for.
United Therapeutics missed analysts’ revenue expectations last quarter, reporting revenues of $790.2 million, up 7.4% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue 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 be flat year on year, slowing from the 17.2% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to 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 Q1 results, giving us a hint as to what we can expect. Moderna delivered year-on-year revenue growth of 260%, beating analysts’ expectations by 55.8%, and Biogen reported revenues up 1.9%, topping estimates by 11.2%. Moderna traded up 2.6% following the results while Biogen was also up 3.2%.
Read our full analysis of Moderna’s results here and Biogen’s results here.
There has been positive sentiment among investors in the therapeutics segment, with share prices up 5.7% on average over the last month. United Therapeutics is up 2.1% during the same time and is heading into earnings with an average analyst price target of $644.62 (compared to the current share price of $571.62).
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