What to Expect When Alkermes plc [ALKS] Releases Earnings

Earnings from Alkermes plc [ALKS] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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ALKS Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$0.02 per share on revenue of $233.43M. Taking a look at the future, the company is projected to report revenue of $269.74M at an earnings per share of $0.1 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 10.20% in revenue and 107.88% in earnings per share for the company.

ALKS Stock Earnings Forecast For The Current Year

For the full financial year, Alkermes plc [NASDAQ:ALKS] is forecasted to generate revenue of $1.12B. The figure is about $80.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.47 in 2021, which is $0.04 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 9.30% this year, 104.30% next year, and -14.10% annually over the next five years. With regard to sales, forecasts suggest an incline of 8.30% in current fiscal year and 10.20% over following year.

ALKS Stock Price Performance

At the close of Tuesday’s session, Alkermes plc [NASDAQ:ALKS] finished up 0.13% at $22.50. The stock’s highest single-day price was $22.98, and its lowest was $22.32. Its price rose 11.61% in the last five days. Since the beginning of the year, Alkermes plc’s shares are up nearly 12.78%. However, the share price is -5.94% below its one year high. The top price reached by the shares of the company was $23.92 on 02/10/21, while the 52-week low came on 03/05/21, when the shares were $18.02. In the past year, shares of the company have risen 40.01%. At 50 days, the moving average achieved is $19.63 while at 200 days, the moving average is $19.02. There were 2.47 million shares traded in the last session, up from 1.57 million in the previous session.

Alkermes plc [NASDAQ:ALKS] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.39 PS value ratio is reported for the last one year of reported earnings. This is below the average return 20.94 for the industry, which means ALKS offers an attractive investment opportunity than its competitors do.

ALKS Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 22.50 level, and the violation of this level will cause a further drop to 22.22 level. At the upper end, 23.54 remains a key resistance. As the stock increases, it may find resistance at 23.26. In the 14-day chart, the Relative Strength Index standing at 78.24 suggests a technical overbought stance while the MACD standing at 1.91 indicates price will increase in the next trading period. Stochastic %K at 92.48% suggests selling the stock while Percent R indicator at 10.55% suggests bullish price movement.

How much is the short interest in Alkermes plc?

There have been a drop in short interest in the Alkermes plc Financial stock, with short interest up by 0.2 million shares to 12.01 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 12.21 million shares. This -1.67% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 10.91% of the overall float in the stock, while the stock’s days to cover moved to 11.61.

How do analysts view Alkermes plc?

In regard to the share price forecast for Alkermes plc stock, the analysts, as surveyed by FactSet, forecast the price to reach $22.50 in the next twelve months, representing almost an 0.0% growth from its recent price of $22.50. Among Alkermes plc stock projections, $29.00 is the highest analyst target for the stock, while $15.00 is the lowest. Despite this, 10 analysts who share their consensus rating for ALKS in 2021 agree that the stock is a Hold. The latest rating change took place on 12/11/20, when SVB Leerink Ratings launched coverage of the stock at “Market Perform” and assigned a price target of $23.0.

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