Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by TheRock07on May 06, 2016 9:24am
232 Views
Post# 24847404

Q1 Outlook

Q1 OutlookConsensus is adjusted net earnings of $1.33.

Pharma sales have a strong seasonal signal.
As an example, see Horizon's estimates for 2016.

Q1 is the weakest quarter, contributing about 20 % to total annual sales.
Q2 is stronger, Q3 a bit stronger still, with Q4 being the strongest quarter.

We can see this in CXR's quarterly forecast.

Adjusted EPS of $1.33 US in Q1 rising toi $1.52 US in Q2.
Q3 and Q4 are not given individually but combined they are forecast to contribute $3.68 to annual earnings or 57 % of total annual net earnings.

This is almost identical to Horizon';s seasonal pattern.

Q4/15 generated adjusted net earnings of $1.24 US on net sales of $191 million.

Amdipharm contributed 10 weeks to Q4.
Adjusting for the full quarter, sales would have been about $225 million and net earnings would have been about $1.45 US.

Taking into account  a seasonally weaker Q1, sales might be expected to be about $210 million which would be consistent with consensus adjusted net earnings of about $1.33.

Two new drugs were released in late 2015 and some others later this year.

This means that CXR will have record quarters for each of 2016.
<< Previous
Bullboard Posts
Next >>