Wall Street has a busy week ahead packed with earnings from these stock giants. Find out what to watch for in reports from Gilead Sciences, Inc. (NASDAQ:GILD), Chipotle Mexican Grill, Inc.(NYSE:CMG), Alphabet Inc (NASDAQ:GOOGL) and Yahoo! Inc. (NASDAQ:YHOO).
Gilead Sciences, Inc.
Gilead will be reporting Q4 earnings on Tuesday, February 2, after market close. Analysts expect the company to post earnings of $2.99 on revenue of $8.11 billion, compared to the same quarter of last year in which the company posted $2.18 and $7.2 billion, respectively.
Gilead is a bio-tech favorite thanks to its dominant position in the hepatitis C market. Harvoni and Sovaldi, its two hepatitis C flagship products, are responsible for more than half of the company’s revenue. Analysts will be looking for prescription growth in these areas. Analysts are also expecting updates on the company’s robust pipeline, which includes therapies to treat HIV, cancer, and colitis.
Although Gilead has dominated the hep C market, the company has new competition in the arena: Merck. Late last week, Merck earned FDA approval for a competing hepatitis C drug. Merck’s hep C regimen will be priced at $54K, compared to Gilead’s Harvoni and Sovaldi which are priced at $94K and $84K, respectively. Although Merck’s entrance into the market will not be reflected in this earnings report, analysts are wary to see how it will impact future sales.
According to TipRanks, 10 analysts are bullish on Gilead while 2 remain neutral. The average 12-month price target between these 12 analysts is $126.82, marking a 53% potential upside from where shares last closed.
Chipotle Mexican Grill, Inc.
The fast-casual Mexican food chain will report Q4 earnings Tuesday, February 2, after market close. Analysts expect the company to post earnings per share of $1.87 on revenue of $1.01 billion, down from the same quarter of last year in which the company posted earnings of $3.84 on revenue of $1.07 billion.
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