What's In Store For Quidel (QDEL) This Earnings Season?
Zacks Investment Research | Nov 01, 2018 09:42PM ET
Quidel Corporation (NASDAQ:QDEL) is scheduled to release third-quarter 2018 results on Nov 6, 2018, after the market closes.
Favorable tidings on regulatory front and strong prospect in the Sofia 2 platform are likely to drive results in the quarter to be reported.
Q2 Results at a Glance
In the last reported quarter, Quidel registered revenues of $103.2 million, surpassing the Zacks Consensus Estimate by 1%. This compares favorably with the year-ago revenues of $38.3 million.
Adjusted earnings were 36 cents per share against loss of $12 cents in the second quarter of 2017. The company reported an earnings surprise of 63.6% in second-quarter 2018.
Which Way are Estimates Treading?
For the quarter to be reported, the Zacks Consensus Estimate for earnings is pegged at 50 cents per share, up 412.5% year over year. The same for revenues is pegged at $120.7 million, up 137.1% year over year.
Let’s delve deeper.
Quidel Corporation Price and Consensus
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