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Investors in BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) had a good week, as its shares rose 9.7% to close at US$71.17 following the release of its yearly results. BioMarin Pharmaceutical reported US$2.9b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$2.21 beat expectations, being 9.6% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Check out our latest analysis for BioMarin Pharmaceutical
Following the latest results, BioMarin Pharmaceutical's 28 analysts are now forecasting revenues of US$3.14b in 2025. This would be a solid 10% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 40% to US$3.13. Before this earnings report, the analysts had been forecasting revenues of US$3.10b and earnings per share (EPS) of US$2.96 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
The consensus price target was unchanged at US$96.76, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on BioMarin Pharmaceutical, with the most bullish analyst valuing it at US$126 and the most bearish at US$65.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 10% growth on an annualised basis. That is in line with its 9.6% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 20% per year. So it's pretty clear that BioMarin Pharmaceutical is expected to grow slower than similar companies in the same industry.