U.S. Markets close in 4 hrs 41 mins

What Analysts Recommend for Incyte ahead of Q3 Earnings

Mike Benson
What Analysts Recommend for Incyte ahead of Q3 Earnings

Wall Street analysts estimate Incyte’s (INCY) revenues will increase by ~17.7% to $449.2 million during the third quarter of 2018 compared to revenues of $381.5 million during the third quarter of 2017. Also, the earnings per share are estimated to be $0.40 for the third quarter of 2018 as compared to earnings per share of $0.08 for the third quarter of 2017. Incyte stock has fallen nearly 46.6% over the last 12 months and decreased by ~35.7% in 2018 year-to-date.