Santarus
The 10-second takeaway
For the quarter ended March 31 (Q1), Santarus beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share expanded significantly.
Margins expanded across the board.
Revenue details
Santarus reported revenue of $79.4 million. The five analysts polled by S&P Capital IQ looked for a top line of $74.8 million on the same basis. GAAP reported sales were 73% higher than the prior-year quarter's $45.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.25. The five earnings estimates compiled by S&P Capital IQ anticipated $0.14 per share. GAAP EPS of $0.25 for Q1 were much higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 72.0%, much better than the prior-year quarter. Operating margin was 25.0%, much better than the prior-year quarter. Net margin was 23.6%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $83.4 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $342.7 million. The average EPS estimate is $0.79.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 149 members out of 163 rating the stock outperform, and 14 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Santarus a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Santarus is buy, with an average price target of $16.80.
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