ANI Pharmaceuticals Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

In This Article:

ANI Pharmaceuticals (NASDAQ:ANIP) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$148.3m (up 13% from 3Q 2023).

  • Net loss: US$24.6m (down by 384% from US$8.64m profit in 3Q 2023).

  • US$1.27 loss per share (down from US$0.46 profit in 3Q 2023).

earnings-and-revenue-growth
NasdaqGM:ANIP Earnings and Revenue Growth November 10th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

ANI Pharmaceuticals Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for ANI Pharmaceuticals that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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