Alkermes, Plc (ALKS) - Bull of the Day

Comment

Shutterstock photo

We are upgrading Alkermes, Plc ( ALKS ) to Outperform following the impressive results delivered by the company in the final quarter of fiscal 2012 (the second full quarter following its merger with EDT). Alkermes beat the Zacks Consensus Estimate both in terms of revenues as well as earnings. Results were boosted by the inclusion of drugs belonging to the EDT unit of Elan.

The expanded portfolio caused the company to provide bright revenue guidance for fiscal 2013. We believe that Alkermes will achieve the guidance. We are also impressed by the FDA approval and launch of diabetes drug, Bydureon, which offers significant commercial potential.

We are also pleased by the pipeline progress at Alkermes. We believe that there is significant scope for stock price appreciation from current levels.
 
ALKERMES INC (ALKS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks


More from Zacks.com

Subscribe






Zacks.com
Contributor:

Zacks.com

Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com