Mylan, Inc. Beats Analyst Expectations; MYL, WPI, PRX
Thursday, 29 October 2009 06:01

 

Analysts were expecting Mylan, Inc. (MYL) [Chart - News - Analysis] to report earnings of $0.27 for last quarter, but MYL beat expectations with actual earnings of $0.32---5 cents above the consensus estimate. MYL also issued earnings guidance for next quarter that is above current analyst expectations.

 

If you compare last quarter's earnings to the $0.23 the company made per share during the same quarter a year ago, you can see that MYL’s earnings are up this year.

 

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Also, if you compare MYL's 18.66% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 16.65% for the Drugs - Generic industry as a whole during that same time frame, you can see that analysts expect MYL to outperform the industry in the future---which is a good sign for the stock.

 

Drilling down a little deeper into the Drugs - Generic industry, you can see how analysts believe MYL will stack up against some of the other stocks in the industry, like Watson Pharmaceuticals Inc. (WPI) [Chart - News - Analysis] and Par Pharmaceutical Companies Inc. (PRX) [Chart - News - Analysis], in the future. Analysts believe WPI's earnings are going to grow at a rate of 15.64% while PRX's earnings are going to grow at a rate of 7.00%.

 

Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.

 

- Earnings Season is Here - Find Out How to Trade It

- Using Options to Trade Earnings

- Understanding Stock Analyst Research and Recommendations

 

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3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

 

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