Avanir Pharmaceuticals (Nasdaq: AVNR ) is expected to report Q3 earnings around Aug. 3. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Avanir Pharmaceuticals' revenues will grow 321.2% and EPS will remain in the red.
The average estimate for revenue is $10.5 million. On the bottom line, the average EPS estimate is -$0.11.
Last quarter, Avanir Pharmaceuticals recorded revenue of $10.0 million. GAAP reported sales were much higher than the prior-year quarter's $1.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.13. GAAP EPS were -$0.13 for Q2 compared to -$0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 94.7%, 270 basis points better than the prior-year quarter. Operating margin was -169.8%, 83,790 basis points better than the prior-year quarter. Net margin was -169.7%, 83,730 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $40.9 million. The average EPS estimate is -$0.44.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 191 members out of 254 rating the stock outperform, and 63 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Avanir Pharmaceuticals a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avanir Pharmaceuticals is outperform, with an average price target of $5.40.