Another blow out quarter! International sales are expected to ramp up in 2013 and Eylea US sales will exceed $1.2 BILLION in 2013. Earnings estimates and target prices will be dramatically increased over the next 90 days. I expect the stock to break through its 52-week high in the near term.
My target EPS of $8 in 2014 is starting to look at lot more realistic and I probably will need to raise it after q4 results come in. It wouldn't surprise me if 2014 starts to look like $10 a share. At a conservative 25 PE, we are comfortably looking at a 60% upside over the next 2 years to $250. What retail investor wouldn't want that type of return.
I've been right on REGN for many years. If anything my original estimate back in November 2011 for Eylea sales in 2012 of $650 - $700 million was too low. Company is now estimating $785 - $815 million. I now think $825 is a good number. My 2014 EPS target of $8 in 2014 use to look crazy is now looking low.
WOW!!!!!!!!!!!! $1.72 a share, vs. analysts estimates of 96 cents. This baby is going to $175 today, just as predicted by me and the always reliable argopuche. moonshot. already up $12 in the pre, pre-market. can't wait to watch the beautiful tape today. enjoy patient longs. I don't give a bleep about Spain or Facebook. I am on the Secretariat of stocks and enjoying this amazing Belmont Stakes performance.