Mylan's Q3 Earnings Preview

On Monday, Nov. 5, Mylan MYL will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Analysts predict Mylan will report earnings of $1.19 per share on revenue of $2.92 billion.

Mylan EPS in the same period a year ago totaled $1.10. Sales were $2.99 billion. The Wall Street consensus estimate for earnings would represent a 8.18 percent increase for the company. Revenue would be down 2.24 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are down 14.03 percent. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts have been rating Mylan stock as Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Mylan's Q3 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/z3tkgzrb