Antares Pharma (Nasdaq: ATRS ) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Antares Pharma whiffed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. GAAP earnings per share.
Margins shrank across the board.
Antares Pharma notched revenue of $4.5 million. The five analysts polled by S&P Capital IQ expected revenue of $5.1 million on the same basis. GAAP reported sales were 34% lower than the prior-year quarter's $6.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.03. The three earnings estimates compiled by S&P Capital IQ forecast -$0.03 per share. GAAP EPS were -$0.03 for Q1 compared to $0.00 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 quarter, gross margin was 55.2%, much worse than the prior-year quarter. Operating margin was -75.2%, much worse than the prior-year quarter. Net margin was -75.3%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $6.2 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $28.4 million. The average EPS estimate is -$0.11.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 184 members out of 203 rating the stock outperform, and 19 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Antares Pharma a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Antares Pharma is buy, with an average price target of $5.25.
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