Catalent Q3 Earnings Outlook
On Tuesday, Catalent (NYSE: CTLT) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
Based on management's projections, Catalent analysts model for earnings of 39 cents per share on sales of $609.55 million.
Catalent EPS in the same period a year ago totaled 38 cents. Revenue was $532.6 million. The Wall Street consensus estimate for earnings would represent a 2.63 percent increase for the company. Sales would be up 14.45 percent on a year-over-year basis. Catalent's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 0.34 | 0.18 | 0.57 | 0.37 |
EPS Actual | 0.45 | 0.21 | 0.65 | 0.38 |
Stock Performance
Over the last 52-week period, shares are up 41.85 percent. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Catalent stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Catalent's Q3 conference call is scheduled to begin at 8:15 a.m. ET and can be accessed here: investor.catalent.com
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