- BioMarin maintains its revenue forecast for the fiscal year 2024.
- Revenue is expected to be between $2.75 billion and $2.83 billion, with an estimate of $2.8 billion.
- Adjusted earnings per share (EPS) are projected to be between $3.10 and $3.25, close to the market estimate of $3.252.
- By 2027, BioMarin forecasts revenue to reach $4 billion.
- The company has entered into a credit pact with Citibank, which provides up to $600 million in revolving loans.
- Proceeds from the loan will be used for working capital needs and other purposes.
- BioMarin has a $500 million cost transformation program in place.
- Adjusted operating margin for the year is anticipated to be between 26% and 27%.
- Investment focus on ROCTAVIAN is strategically rebalanced to support launch momentum and potential upward trends.
- Global Business Services will undergo process consolidation into a lower-cost location to improve efficiency.
- Targeting a Phase 3 data readout for VOXZOGO for hypochondroplasia in 2026, with potential approval in 2027.
- Analyst ratings include 20 buys, 8 holds, and no sells.
Biomarin Pharmaceutical on Smartkarma
BioMarin Pharmaceutical Inc. has garnered positive attention from analysts on Smartkarma, as seen in research reports by Baptista Research. In their report titled “Enhanced Geographic Focus and Streamlined Operations for Roctavian Driving Our Optimism! – Major Drivers,” Baptista Research highlighted BioMarin’s strong performance in the second quarter of 2024. The company achieved significant milestones and reported a 20% year-over-year growth in total revenues, driven by robust demand for Voxzogo which experienced a remarkable 62% revenue increase.
Continuing their bullish sentiment, Baptista Research also published a report titled “What Is Their Expected Revenue Growth After Their Efforts Towards Streamlining Expenditure? – Major Drivers.” In this report, they emphasized BioMarin’s strong financial results for Q1 2024 and the company’s strategic initiatives aimed at positively impacting patients’ lives and generating shareholder value. With a focus on accelerating assets with high potential, BioMarin’s efforts towards refining its corporate vision and strategy have been well-received by analysts on Smartkarma.
A look at Biomarin Pharmaceutical Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 1 | |
Growth | 2 | |
Resilience | 4 | |
Momentum | 4 | |
OVERALL SMART SCORE | 2.8 |
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
Based on the Smartkarma Smart Scores, Biomarin Pharmaceutical shows a promising long-term outlook. With a resilience score of 4, the company is well-positioned to weather market challenges and maintain stability. Additionally, Biomarin receives a momentum score of 4, indicating positive momentum in its stock performance.
While Biomarin scores lower in value and dividend factors, with scores of 3 and 1 respectively, the company’s growth score of 2 suggests potential for future expansion. Overall, Biomarin Pharmaceutical presents a solid investment opportunity with strong resilience and momentum in the market.
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