On Wednesday, August 26, Lannett (NYSE: LCI) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Analysts covering Lannett modeled for quarterly EPS of $0.29 on revenue of $134.26 million. Lannett EPS in the same period a year ago totaled $0.37. Sales were $133.84 million. If the company were to match the consensus estimate when it reports Wednesday, earnings per share would be down 21.62%. Sales would be have grown 0.19% from the same quarter last year.
Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2019 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.29 | 0.27 | 0.19 | 0.21 |
| EPS Actual | 0.27 | 0.27 | 0.22 | 0.37 |
| Revenue Estimate | 134.52 M | 128.60 M | 120.78 M | 121.68 M |
| Revenue Actual | 144.37 M | 136.11 M | 127.34 M | 133.84 M |
Stock Performance
Over the past 52-week period, shares of Lannett have declined 27.45%.
Considering these returns, shareholders will likely be feeling unsatisfied going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Lannett is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://lannett.investorroom.com/events-and-webcasts
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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