Biogen Inc stock

Biogen Lifts Profit Estimates As Investors Look To Alzheimer’s Drug

This group has a Zacks Industry Rank of 63, putting it in the top 25% of all 250+ industries. Dow Jones Industrial Average, S&P 500, dotbig Nasdaq, and Morningstar Index quotes are real-time. We’ve raised the firm’s fair value estimate to $401 from $350 per share.

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Biogen Inc stock

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Biogen Biib To Report Q3 Earnings: Here’s What To Expect

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Biogen expects the entry of generics to hurt the drug’s global sales going forward. Coming into today, shares of the company had gained 19.68% in the past month. In that same time, the Medical sector lost 8.25%, while the S&P 500 lost 11.07%. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. It is focused on discovering, developing and delivering therapies for people living with serious neurological and neurodegenerative diseases as well as related therapeutic adjacencies.

Recap: Biogen Q3 Earnings

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Biogen (BIIB – Research Report) and Timber Pharmaceuticals (TMBR – Research Report) with bullish sentiments. The Medical – Biomedical and Genetics industry is part of BIIB the Medical sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% of all 250+ industries. This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BIIB too.

  • Adjusted earnings are expected in the range of $16.50 to $17.15, up from the prior expectation of $15.25-$16.75.
  • In the last reported quarter, CDAK delivered an earnings surprise of 61.54%.
  • These highlights can help you better understand the position you are entering and avoid costly mistakes.
  • During the same period, the loss estimates per share for 2023 have narrowed from $2.14 to $1.53.
  • Here are our analysts’ top stock ideas in each sector for the quarter.

To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company BIIB stock insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price.

Invested In Biogen Inc?

Analysts typically rate each stock once per quarter or whenever the company has a major update. In the interim, Biogen reported a third-quarter adjusted profit of $4.77 per share, more than the $4.13 analysts tracked by FactSet expected. Revenue of $2.5 billion for the three months through September matched expectations.

Healthinvest Partners Ab Buys 2, Sells 3 In 3rd Quarter

Biogen Inc Income Statement is one of the three primary financial statements used for reporting Biogen’s overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Biogen Inc revenue dotbig and expense. Biogen Income Statement primarily focuses on the company’s revenues and expenses during a particular period. Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend.

Biogen raised its outlook for profits and revenue on Tuesday as investors await full results of the Alzheimer’s drug, lecanemab. Last month said a Phase 3 trial of lecanemab showed a slowdown in the rate of cognitive decline. While full results will be made available on Nov. 29, investors who had beenprepared for the trial to failare now waiting to see if the Food and Drug Administration will grant an accelerated approval by Jan. 6. Raised its outlook for profits and revenue on Tuesday as investors await full results of the Alzheimer’s drug, lecanemab. In the latest trading session, Biogen Inc. closed at $254.07, marking a -0.28% move from the previous day. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.03%. Maintaining independence and editorial freedom is essential to our mission of empowering investor success.

Biogen Inc Biib

Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. On average, 28 Wall Street analysts forecast BIIB’s revenue for 2023 to be $1,356,535,706,094, with the lowest BIIB revenue forecast at $1,259,218,837,264, and the highest BIIB revenue forecast at $1,523,567,974,643. On average, 27 Wall Street BIIB stock price analysts forecast BIIB’s earnings for 2023 to be $2,298,262,408, with the lowest BIIB earnings forecast at $1,771,217,269, and the highest BIIB earnings forecast at $2,996,669,217. Biogen and Idec merged in 2003, combining forces to market Biogen’s multiple sclerosis drug Avonex and Idec’s cancer drug Rituxan.

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