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What to Expect from Gilead Sciences’ Earnings in 2018

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Dec. 4 2020, Updated 10:53 a.m. ET

Margin projections for fiscal 2018

In its third-quarter earnings conference call, Gilead Sciences (GILD) has projected its fiscal 2018 gross product margins to fall in the range of 85%–87%. Wall Street analysts expect the company to witness a gross profit margin of 83.79%, 86.35%, and 87.46%, for fiscal 2018, fiscal 2019, and fiscal 2020, respectively.

Wall Street analysts also expect the company to post net income margins of 41.81%, 40.56%, and 39.80%, for fiscal 2018, fiscal 2019, and fiscal 2020, respectively. Wall Street analysts expect Gilead Sciences to post a gross profit margin and a net profit margin of 85.43% and 41.27%, respectively, in the fourth quarter.

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EPS projections for fiscal 2018

Wall Street analysts expect Gilead Sciences to report adjusted diluted EPS of $6.92 in fiscal 2018, which would be a YoY decline of 21.75%. The company is also expected to report adjusted diluted EPS of $6.78 in fiscal 2019, which is a YoY decline of 1.98%. Wall Street analysts have also forecasted Gilead Sciences’ fiscal 2020 adjusted diluted EPS to be $7.06, which would be a YoY rise of 4.14%. Wall Street analysts expect Gilead Sciences to report adjusted diluted EPS of $1.70 in the fourth quarter, which would be a YoY decline of 4.37%.

Third-quarter performance

In the third quarter, Gilead Sciences reported adjusted diluted EPS of $1.84, which is a YoY decline of 18.94%. The company managed to surpass consensus EPS estimates by $0.21 in the third quarter.

In the third quarter, Gilead Sciences reported a gross margin of 86.22%, which is a YoY decline of 117 basis points. The company also witnessed a net profit margin of 42.94%, which is a YoY decline of 298 basis points.

In the next article, we’ll discuss expense projections for Gilead Sciences for fiscal 2018.

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