BioMarin (BMRN) Q1 Earnings: Will It Beat Estimates Again?
Zacks Investment Research | Apr 26, 2017 11:34PM ET
We expect BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) to beat expectations when it reports first-quarter 2017 results on May 4, after the market closes. BioMarin had delivered a positive earnings surprise of 5.13% in the last quarter.
BioMarin’s shares are up 16% so far this year. This compares favorably with the 4.7% increase registered by the Zacks classified Earnings ESP Filter .
Zacks Rank: BioMarin has a Zacks Rank #3. The combination of BioMarin’s Zacks Rank #3 and positive ESP makes us confident of an earnings beat in the upcoming release.
Sell-rated stocks (Zacks Rank #4 or 5), on the other hand, should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
BioMarin Pharmaceutical Inc. Price and EPS Surprise
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