Neurocrine Biosciences Full Year 2022 Earnings: EPS Misses Expectations
Neurocrine Biosciences (NASDAQ:NBIX) Full Year 2022 Results
Key Financial Results
Revenue: US$1.49b (up 31% from FY 2021).
Net income: US$154.5m (up 72% from FY 2021).
Profit margin: 10% (up from 7.9% in FY 2021). The increase in margin was driven by higher revenue.
EPS: US$1.61 (up from US$0.95 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Neurocrine Biosciences EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 3.3% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Neurocrine Biosciences' 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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