Analysts’ recommendations and target price
Wall Street analysts expect an upside potential of 85.97% for Amarin (AMRN) based on the company’s closing price on March 26. In 2019, analysts have revised downwards the company’s target price from $34.00 in January and February to $32.60 in March. The current consensus analyst recommendation for the stock is a “strong buy.” To know about the key growth driver for Amarin, please read Vascepa Demand Drove Amarin’s Revenue in Fiscal 2018.
Of the five analysts covering Amarin, three are recommending a “strong buy,” and two are recommending a “buy.” On March 26, Amarin closed at $17.53, 0.11% higher than its previous closing price, 645.96% higher than its 52-week low of $2.35, and 24.88% lower than its 52-week high of $23.33. The company’s market capitalization is $6.19 billion.
Based on its closing price on March 26, Amarin has reported returns of -7.05% in the last week, -10.52% in the last month, and 32.50% in the last quarter. The company has reported returns of 486.29% in the last half year, 472.88% in the last year, and 28.80% YTD.
Revenue and EPS estimates
In its fourth quarter, Amarin reported revenues of $77.33 million, a YoY rise of 43.56%, and higher than the consensus estimate by $3.46 million. The company reported non-GAAP EPS of -$0.11, which was lower than the consensus estimate by $0.05.
Analysts expect Amarin’s revenues to change YoY by 53.24% to $67.30 million in the first quarter, 66.64% to $87.73 million in the second quarter, 72.17% to $95.25 million in the third quarter, and 48.97% to $115.20 million in the fourth quarter of 2019. Analysts also expect Amarin’s non-GAAP EPS to change YoY by -29.16% to -$0.10 in the first quarter, 50.0% to -$0.06 in the second quarter, 54.16% to -$0.04 in the third quarter, and 112.12% to $0.01 in the fourth quarter of 2019.
Analysts expect Amarin’s revenues to change YoY by 59.43% to $365.43 million in fiscal 2019, 55.26% to $567.35 million in fiscal 2020, and 47.30% to $835.73 million in fiscal 2021. Analysts also expect Amarin’s non-GAAP EPS to change YoY by 56.41% to -$0.17 in fiscal 2019, 242.12% to $0.24 in fiscal 2020, and 207.33% to $0.74 in fiscal 2021.
