On Tuesday, Feb. 26, Mallinckrodt MNK will release its latest earnings report. Check out Benzinga's report to understand the earnings report's implications.
Earnings and Revenue
Mallinckrodt EPS will likely be near $1.92 while revenue will be around $636.7 million, according to analysts.
In the same quarter last year, Mallinckrodt announced EPS of $2.01 on revenue of $792.3 million. The Wall Street estimate would represent a 4.48 percent decline in the company's earnings. Sales would be down 19.64 percent from the year-ago period. Mallinckrodt's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 1.79 | 1.48 | 1.1 | 1.7 |
| EPS Actual | 2.1 | 1.78 | 1.31 | 2.01 |
Stock Performance
For a full 12 months, the return has risen by 32.9 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on Mallinckrodt stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Mallinckrodt's conference call is scheduled to begin at 8:30 a.m. ET and can be accessed here: https://edge.media-server.com/m6/p/kefauhfe
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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