![](https://wp-static.smartkarma.com/../assets/uploaded/2023/08/Smartkarma-Insight-Card-Square.png)
- Adjusted EPS: 96 cents, significantly higher than last year’s 54 cents and beating the estimate of 62 cents.
- Naglazyme revenue: $132.0 million, a 47% increase year-over-year (y/y) and surpassed the estimate of $107.4 million.
- Palynziq revenue: $88.3 million, an 18% increase y/y, exceeding the predicted $82.3 million.
- Brineura revenue: $45.3 million, a 19% growth y/y, above the estimate of $42.3 million.
- Voxzogo revenue: $183.9 million, a substantial 62% rise y/y, higher than the projected $164.3 million.
- Aldurazyme revenue: $38.6 million, a decrease of 4.2% y/y, but still above the estimate of $34.6 million.
- EPS: 55 cents, up from last year’s 29 cents, and beating the forecast of 34 cents.
- Total revenue: $712.0 million, a 20% increase y/y, outperforming the estimate of $661.1 million.
- Comments from CEO: “Strong execution across our business resulted in record double-digit revenue growth in the second quarter and first half of 2024.” Alexander Hardy emphasized confidence in Voxzogo’s established safety and efficacy.
- Market Outlook: 19 analysts recommend buying, 9 recommend holding, and none recommend selling.
Biomarin Pharmaceutical on Smartkarma
Analyst coverage of BioMarin Pharmaceutical on Smartkarma, as reported by Baptista Research, highlights the company’s strong financial performance and strategic advancements. In their report titled “BioMarin Pharmaceutical Inc.: What Is Their Expected Revenue Growth After Their Efforts Towards Streamlining Expenditure? – Major Drivers,” the firm acknowledges BioMarin’s Q1 2024 results and progress in executing new corporate strategies aimed at benefiting patients and shareholders. The analysis focuses on the company’s acceleration of three key assets within its R&D portfolio that are poised to drive both patient outcomes and shareholder value.
Furthermore, in another report titled “BioMarin Corporation: Will Its Strategic Portfolio Review Work? – Major Drivers,” Baptista Research underscores BioMarin Pharmaceutical’s notable financial achievements, including a 20% revenue growth in Q4 2023 compared to the previous year. The company also saw a substantial total revenue increase of 15% for the full year 2023 versus the prior year, accompanied by a significant rise in non-GAAP earnings per share of 48% in Q4 2023. These positive financial indicators suggest a promising outlook for BioMarin Pharmaceutical and reinforce investor confidence in the company’s future prospects.
A look at Biomarin Pharmaceutical Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 1 | |
Growth | 2 | |
Resilience | 4 | |
Momentum | 3 | |
OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investment analysts are taking a closer look at BioMarin Pharmaceutical Inc.’s long-term prospects based on the Smartkarma Smart Scores. With a solid score of 4 in Resilience, the company has shown strong capability to weather market fluctuations and challenges. This indicates a positive outlook for BioMarin’s ability to overcome obstacles and maintain stability over time, potentially appealing to long-term investors.
While the scores for Value, Growth, and Momentum fall in the mid-range, indicating room for improvement, BioMarin’s focus on developing therapeutic enzyme products for various medical conditions, including lysosomal storage diseases and burns, highlights its commitment to innovation and addressing critical healthcare needs. With a diverse product portfolio and a subsidiary offering diagnostic services, BioMarin Pharmaceutical Inc. demonstrates potential for growth and contribution to the healthcare industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars