Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Mylan (NASDAQ:MYL) announces its next round of earnings this Tuesday, November 5. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Wall Street analysts see Mylan reporting earnings of $1.13 per share on sales of $3.01 billion.
In the same quarter last year, Mylan reported EPS of $1.25 on revenue of $2.86 billion. If the company were to match the consensus estimate, earnings would be down 9.60%. Revenue would be have grown 5.17% from the same quarter last year. Mylan's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 0.940 | 0.800 | 1.36 | 1.19 |
| EPS Actual | 1.030 | 0.820 | 1.3 | 1.25 |
Stock Performance
Over the last 52-week period, shares are down 39.32%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts generally rate Mylan stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Mylan is scheduled to hold a conference call at 10:00 a.m. ET and it can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.