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Lannett Q3 Earnings Preview

Benzinga Newsdesk

Lannett Co (NYSE: LCI) unveils its next round of earnings this Monday, May 6. Get prepared with Benzinga's ultimate preview for Lannett's third-quarter earnings.

Earnings and Revenue

Lannett  EPS is expected to be around 64 cents, according to sell-side analysts. Sales will likely be near $156.16 million.

In the same quarter last year, Lannett posted EPS of 80 cents on sales of $174.38 million. If the company were to match the consensus estimate when it reports Monday, earnings would be down 20 percent. Revenue would be down 10.45 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

View more earnings on LCI

 

Quarter Q2 2019 Q1 2019 Q4 2018 Q3 2018
EPS Estimate 0.67 0.39 0.64 0.79
EPS Actual 0.86 0.44 0.64 0.8

Stock Performance

Over the last 52-week period, shares are down 45.43 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. The average rating by analysts on Lannett stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Lannett is scheduled to hold a conference call at 4:30 p.m. ET and it can be accessed here: https://78449.choruscall.com/dataconf/productusers/lci/mediaframe/30314/indexr.html

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