Pacira Pharma (PCRX): EXPAREL Sales Are Tracking Below Consensus - Wedbush

September 21, 2016 8:16 AM EDT
Get Alerts PCRX Hot Sheet
Price: $40.10 -2.08%

Rating Summary:
    11 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Wedbush analyst, Liana Moussatos, reiterated her Outperform rating on shares of Pacira Pharmaceuticals (NASDAQ: PCRX) while noting that the Symphony Health EXPAREL estimated sales per day in August decreased -12% over July and total August sales tracked about -13.6% below consensus. Symphony Health sales and volume estimates for August were more than $21 million and 66-67 thousand pack units.

Combining July and August estimates, EXPAREL appears to be tracking about -7.6% below consensus. The September SH sales estimate is expected to be released on October 19.

No change to the price target of $109.

For an analyst ratings summary and ratings history on Pacira Pharmaceuticals click here. For more ratings news on Pacira Pharmaceuticals click here.

Shares of Pacira Pharmaceuticals closed at $40.37 yesterday.

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