Teva Pharmaceutical Industries
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Teva Pharmaceutical Industries met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to a loss.
Gross margins increased, operating margins dropped, net margins dropped.
Teva Pharmaceutical Industries reported revenue of $4.97 billion. The 23 analysts polled by S&P Capital IQ anticipated a top line of $5.04 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $4.34 billion.
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 $1.28. The 25 earnings estimates compiled by S&P Capital IQ anticipated $1.25 per share. GAAP EPS were -$0.09 for Q3 against $1.03 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 52.3%, 20 basis points better than the prior-year quarter. Operating margin was -1.2%, 2,700 basis points worse than the prior-year quarter. Net margin was -1.6%, 2,270 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $5.29 billion. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $20.50 billion. The average EPS estimate is $5.37.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,474 members out of 2,545 rating the stock outperform, and 71 members rating it underperform. Among 542 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 537 give Teva Pharmaceutical Industries a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teva Pharmaceutical Industries is outperform, with an average price target of $50.28.
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