Supernus Pharmaceuticals Third Quarter 2024 Earnings: Beats Expectations

In This Article:

Supernus Pharmaceuticals (NASDAQ:SUPN) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$175.7m (up 14% from 3Q 2023).

  • Net income: US$38.5m (up from US$16.0m loss in 3Q 2023).

  • Profit margin: 22% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.

  • EPS: US$0.70 (up from US$0.29 loss in 3Q 2023).

earnings-and-revenue-growth
NasdaqGM:SUPN Earnings and Revenue Growth November 6th 2024

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

Supernus Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 5.9% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Supernus Pharmaceuticals' balance sheet.

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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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