Regeneron Pharmaceuticals Third Quarter 2024 Earnings: Beats Expectations

Regeneron Pharmaceuticals (NASDAQ:REGN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.72b (up 11% from 3Q 2023).
• Net income: US$1.34b (up 33% from 3Q 2023).
• Profit margin: 36% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$12.40 (up from US$9.48 in 3Q 2023).

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

Regeneron Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 10% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Regeneron Pharmaceuticals that you should be aware of before investing here.

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