Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Moderna (NASDAQ: MRNA) and the best and worst performers in the therapeutics industry.
Over the next few years, therapeutic companies, which develop a wide variety of treatments for diseases and disorders, face strong tailwinds from advancements in precision medicine (including the use of AI to improve hit rates) and growing demand for treatments targeting rare diseases. However, headwinds such as rising scrutiny over drug pricing, regulatory unknowns, and competition from larger, more resourced pharmaceutical companies could weigh on growth.
The 10 therapeutics stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 2.6%.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
Slowest Q4: Moderna (NASDAQ: MRNA)
Rising to global prominence during the COVID-19 pandemic with one of the first effective vaccines, Moderna (NASDAQ: MRNA) develops messenger RNA (mRNA) medicines that direct the body's cells to produce proteins with therapeutic or preventive benefits for various diseases.
Moderna reported revenues of $966 million, down 65.6% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with full-year revenue guidance missing analysts’ expectations significantly.
Moderna delivered the slowest revenue growth and weakest full-year guidance update of the whole group. The stock is up 3% since reporting and currently trades at $32.90.
Read our full report on Moderna here, it’s free.
Best Q4: BioMarin Pharmaceutical (NASDAQ: BMRN)
Pioneering treatments for conditions that often had no previous therapeutic options, BioMarin Pharmaceutical (NASDAQ: BMRN) develops and commercializes therapies that address the root causes of rare genetic disorders, particularly those affecting children.
BioMarin Pharmaceutical reported revenues of $747.3 million, up 15.6% year on year, outperforming analysts’ expectations by 4.8%. The business had a stunning quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
BioMarin Pharmaceutical achieved the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 7.1% since reporting. It currently trades at $70.35.
Is now the time to buy BioMarin Pharmaceutical? Access our full analysis of the earnings results here, it’s free.
Biogen (NASDAQ: BIIB)
Founded in 1978 and pioneering treatments for some of medicine's most complex challenges, Biogen (NASDAQ: BIIB) develops and markets therapies for neurological conditions, including multiple sclerosis, Alzheimer's disease, spinal muscular atrophy, and rare diseases.
Biogen reported revenues of $2.45 billion, up 2.9% year on year, exceeding analysts’ expectations by 1.8%. Still, it was a slower quarter as it posted a significant miss of analysts’ full-year EPS guidance estimates.
Interestingly, the stock is up 1.8% since the results and currently trades at $141.79.
Read our full analysis of Biogen’s results here.
AbbVie (NYSE: ABBV)
Born from a 2013 spinoff of Abbott Laboratories' pharmaceutical business, AbbVie (NYSE: ABBV) is a biopharmaceutical company that develops and markets medications for autoimmune diseases, cancer, neurological disorders, and other complex health conditions.
AbbVie reported revenues of $15.1 billion, up 5.6% year on year. This result beat analysts’ expectations by 1.9%. Overall, it was a strong quarter as it also produced a solid beat of analysts’ constant currency revenue estimates and a narrow beat of analysts’ full-year EPS guidance estimates.
The stock is up 19.1% since reporting and currently trades at $209.20.
Read our full, actionable report on AbbVie here, it’s free.
Sarepta Therapeutics (NASDAQ: SRPT)
Pioneering treatments for a devastating childhood muscle-wasting disease that primarily affects boys, Sarepta Therapeutics (NASDAQ: SRPT) develops and commercializes RNA-targeted therapies and gene therapies for rare genetic disorders, primarily Duchenne muscular dystrophy.
Sarepta Therapeutics reported revenues of $658.4 million, up 65.9% year on year. This print topped analysts’ expectations by 4.3%. Zooming out, it was a mixed quarter as it recorded a significant miss of analysts’ EPS estimates.
Sarepta Therapeutics scored the fastest revenue growth among its peers. The stock is down 30.8% since reporting and currently trades at $74.13.
Read our full, actionable report on Sarepta Therapeutics here, it’s free.
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