Lantheus Stock Gains As Q2 Earnings Surpasses Expectations; Raises FY2021 Outlook

  • Lantheus Holdings Inc LNTH clocked $101.1 million in sales for Q2 of 2021, beating the consensus of $94.9 million, representing an increase of 53.1% Y/Y.
  • Sales exceeded management's guidance range of $93 million - $97 million
  • Adjusted EPS of $0.11 also surpassed the consensus of $0.05 and increased 8.1% from the prior-year period and above the Company's guidance of $0.03 - $0.06.
  • Lantheus generated operating cash flow of $25.9 million, and Free Cash Flow was $23.2 million.
  • Outlook: The Company raised full-year 2021 guidance and expects sales of $395 million - $402 million (consensus 396.4 million) against $390 million - $400 million previous.
  • It expects FY21 adjusted EPS of approximately $0.38 - $0.42 (consensus $0.38), compared to an earlier forecast of $0.36 - $0.41.
  • For Q3 2021, sales are expected to be $95 million - $100 million, with adjusted EPS of $0.05 - $0.07, lower than analysts forecast of $102.8 million and $0.12, respectively.
  • Price Action: LNTH shares are up 3.30% at $26 during the market session on the last check Wednesday
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceHealth CareSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!