The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pacira Pharmaceuticals beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share dropped.
Margins expanded across the board.
Pacira Pharmaceuticals booked revenue of $10.5 million. The four analysts polled by S&P Capital IQ predicted revenue of $9.8 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $4.2 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 -$0.50. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.42 per share. GAAP EPS were -$0.50 for Q4 versus -$0.72 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 7.4%, much better than the prior-year quarter. Operating margin was -151.5%, much better than the prior-year quarter. Net margin was -156.4%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $13.3 million. On the bottom line, the average EPS estimate is -$0.38.
Next year's average estimate for revenue is $78.1 million. The average EPS estimate is -$1.07.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 21 members out of 30 rating the stock outperform, and nine members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Pacira Pharmaceuticals a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pacira Pharmaceuticals is buy, with an average price target of $21.20.
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