Pernix Therapeutics Holdings
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pernix Therapeutics Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share improved significantly.
Margins improved across the board.
Pernix Therapeutics Holdings notched revenue of $21.4 million. The four analysts polled by S&P Capital IQ expected net sales of $21.2 million on the same basis. GAAP reported sales were 75% higher than the prior-year quarter's $12.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.16. The five earnings estimates compiled by S&P Capital IQ averaged $0.14 per share on the same basis. GAAP EPS of $0.15 for Q4 were 114% higher than the prior-year quarter's $0.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 100%, 3,420 basis points better than the prior-year quarter. Operating margin was 28.1%, 410 basis points better than the prior-year quarter. Net margin was 18.1%, 590 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $15.4 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $84.9 million. The average EPS estimate is $0.44.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pernix Therapeutics Holdings is buy, with an average price target of $17.83.
Over the decades, small-cap stocks like Pernix Therapeutics Holdings have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Pernix Therapeutics Holdings to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.