AbbVie, Celgene and 2 More Major Biotechs Reporting Earnings Thursday

Health and Healthcare

Published: April 26, 2017 11:30 am

Last Updated: January 12, 2020 12:37 pm

Earnings season is now in full swing, and we have put together a preview of some of the world’s largest biotechnology and pharmaceutical companies reporting their earnings on Thursday. With the markets running red-hot right now, it is no doubt that health care stocks are some that can benefit the most from this rising tide.

Over the past five, 10 and 20 years, the life sciences and bioproduction segments have outperformed the S&P 500 more often than not. Recently, we took a look at what one key analyst had to say about other companies in this segment that could continue to outperform the broad markets going forward.

Here we have included the Thomson Reuters consensus estimates for each stock, as well as some color and a recent trading history and consensus target for each stock.

AbbVie Inc. (NYSE: ABBV) is scheduled to report its first-quarter results before the markets open. The consensus estimates are $1.26 in earnings per share (EPS) and $6.48 billion in revenue. Shares were last seen at $65.88. The consensus price target is $71.28, and the 52-week range is $55.06 to $68.12.

Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) also is set to share its latest quarterly earnings in the morning. The consensus estimates call for a $1.23 in EPS on $827.2 million in revenue. Shares were at $122.88 on Wednesday, in a 52-week range of $109.12 to $157.02. The consensus price target is $161.70.

Bristol-Myers Squibb Co. (NYSE: BMY) is expected to reveal its first-quarter results early in the day as well. The consensus forecast calls for $0.74 in EPS and $4.72 billion in revenue. The stock recently traded at $54.59. The consensus price target is $55.76, and the 52-week range is $46.01 to $77.12.

And Celgene Corp. (NASDAQ: CELG) also will to share its latest quarterly earnings Thursday morning. The consensus estimates call for $1.64 in EPS and $3.04 billion in revenue. Shares were last trading at $125.85, in a 52-week range of $94.42 to $127.64. The consensus price target is $140.04.

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!