Needham & Company Maintains a 'Hold' on Vertex (VRTX); Q1 Preview
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Price: $540.26 -2.14%
Rating Summary:
38 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
38 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Needham & Company maintains a 'Hold' on Vertex (NASDAQ: VRTX).
Analyst, Alan Carr, said, "Vertex is scheduled to announce 1Q12 financial results on April 26. Our U.S. 1Q12 Incivek net sales estimate is $372M (was $375M), based on IMS data, and our Kalydeco net sales estimate is $7.0M. Kalydeco was launched in early February 2012. Our 1Q12 GAAP EPS estimate is $0.41 (was $0.42). We are cautious overall given expected competitive pressures in HCV and challenges in developing a companion drug for Kalydeco to address the F508del CF population."
(FY13 lowered from $3.23 to $3.08)
For an analyst ratings summary and ratings history on Vertex click here. For more ratings news on Vertex click here.
Shares of Vertex closed at $35.49 yesterday.
Analyst, Alan Carr, said, "Vertex is scheduled to announce 1Q12 financial results on April 26. Our U.S. 1Q12 Incivek net sales estimate is $372M (was $375M), based on IMS data, and our Kalydeco net sales estimate is $7.0M. Kalydeco was launched in early February 2012. Our 1Q12 GAAP EPS estimate is $0.41 (was $0.42). We are cautious overall given expected competitive pressures in HCV and challenges in developing a companion drug for Kalydeco to address the F508del CF population."
(FY13 lowered from $3.23 to $3.08)
For an analyst ratings summary and ratings history on Vertex click here. For more ratings news on Vertex click here.
Shares of Vertex closed at $35.49 yesterday.
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