Pharmaceutical company Collegium Pharmaceutical (NASDAQ: COLL) will be announcing earnings results this Thursday before the bell. Here’s what investors should know.
Collegium Pharmaceutical missed analysts’ revenue expectations last quarter, reporting revenues of $199.9 million, up 6.3% year on year. It was a softer quarter for the company, with full-year revenue and EBITDA guidance missing analysts’ expectations.
Is Collegium Pharmaceutical a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Collegium Pharmaceutical’s revenue to grow 3.6% year on year, slowing from the 31.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Collegium Pharmaceutical has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Collegium Pharmaceutical’s peers in the branded pharmaceuticals segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Eli Lilly delivered year-on-year revenue growth of 38.6%, beating analysts’ expectations by 7.9%, and Pfizer reported flat revenue, topping estimates by 4.6%. Eli Lilly traded up 9.8% following the results.
Read our full analysis of Eli Lilly’s results here and Pfizer’s results here.
There has been positive sentiment among investors in the branded pharmaceuticals segment, with share prices up 2.8% on average over the last month. Collegium Pharmaceutical is up 8.6% during the same time and is heading into earnings with an average analyst price target of $49 (compared to the current share price of $23.75).
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