Horizon Therapeutics (HZNP) Misses Q2 EPS by 26c
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August 3, 2022 4:21 PM EDT
Horizon Therapeutics (NASDAQ: HZNP) plunged over 18% Wednesday after the company reported earnings, missing analyst profit and revenue estimates.
The biopharmaceutical company posted EPS of $1.07, $0.26 below analyst forecasts of $1.33, while revenue for the quarter came in at $876.4 million versus the consensus estimate of $936.11 million.
Despite the miss, the company's CEO was positive. "Double-digit net sales growth in our orphan segment drove our second-quarter... More
August 3, 2022 12:51 PM EDT
Stifel analyst Annabel Samimy lowered the price target on Horizon Therapeutics (NASDAQ: HZNP) to $138.00 (from $140.00) while maintaining a Buy rating.
The analyst commented, "Concerns into 2Q22 were realized on a revenues miss of $876.4mn/Cons. $938.8mn, Adj. EBITDA of $306.6mn/Cons. $379.3mn,... More
August 3, 2022 10:51 AM EDT
Cowen analyst Ken Cacciatore lowered the price target on Horizon Therapeutics (NASDAQ: HZNP) to $140.00 (from $155.00) while maintaining a Outperform rating.
The analyst commented, "Tepezza Q2 was $480MM (-4% Q/Q) and the 2022 guidance has been revised. We continue to believe Tepezza's... More
