BeiGene Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

BeiGene (NASDAQ:ONC) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.81b (up 55% from FY 2023).
• Net loss: US$644.8m (loss narrowed by 27% from FY 2023).
• US$6.12 loss per share (improved from US$8.45 loss in FY 2023).

ONC Products In Clinical Trials

• Phase I: 33.
• Phase II: 17.
• Phase III: 13.

ONC Post-Clinical Trial Products

• Pre-registration: 8.
• Approved (during full year): 1.

All figures shown in the chart above are for the trailing 12 month (TTM) period

BeiGene Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 9.5%.

The primary driver behind last 12 months revenue was the United States (U.S) segment contributing a total revenue of US$1.96b (51% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$1.95b (51% of total expenses). Explore how ONC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 5.0% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates BeiGene could be a good place to look. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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