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Will Qiagen (QGEN) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-01-09 18:15
Core Viewpoint - Qiagen (QGEN) has consistently beaten earnings estimates and is well-positioned for future earnings reports, particularly in the Zacks Medical - Biomedical and Genetics industry [1] Earnings Performance - For the most recent quarter, Qiagen reported earnings of $0.57 per share, exceeding the expected $0.54 per share, resulting in a surprise of 5.56% [2] - In the previous quarter, Qiagen's earnings were $0.55 per share against an expectation of $0.52 per share, leading to a surprise of 5.77% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Qiagen, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4][7] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5] Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6] - Qiagen currently has an Earnings ESP of +2.95%, suggesting analysts are optimistic about the company's earnings prospects [7] Importance of Earnings ESP - Checking a company's Earnings ESP before quarterly releases is crucial for increasing the odds of success in predicting earnings performance [9]
QGEN Stock Might Rise Following Partnership With Genomics England
ZACKS· 2025-01-08 12:56
Core Insights - QIAGEN N.V. has partnered with Genomics England to support the Generation Study, which will conduct whole-genome sequencing for 100,000 newborns to screen over 200 conditions, facilitating earlier diagnosis and treatment of rare conditions [1][7] - The partnership aims to enhance the utilization of QIAGEN's Genomics portfolio, which has shown robust revenue growth in recent quarters [3] - Following the announcement, QIAGEN's stock price remained stable at $44.94 in aftermarket trading [2] Company Developments - QIAGEN's Clinical Knowledge Base will provide comprehensive genomic content for the Generation Study, leveraging expert curation to enhance newborn sequencing [5][9] - The company has recently launched new features and reached milestones, including the introduction of Ingenuity Pathway Analysis Interpret and over 1000 placements of the EZ2 Connect automated sample preparation instrument [11][12] - QIAGEN's market capitalization stands at $9.95 billion, with an average earnings surprise of 3.52% over the last four quarters [4] Industry Context - The global whole genome sequencing market is projected to grow at a compound annual growth rate (CAGR) of 22.17% from 2025 to 2030, driven by technological advancements and increasing demand for personalized medicine [10] - QIAGEN's shares have outperformed the industry, rising 12.2% over the past six months compared to the industry's 7.4% growth [13]
New Product Offerings Support QIAGEN's Shares Amid Currency Woes
ZACKS· 2024-12-30 16:51
Core Viewpoint - QIAGEN is focusing on internal growth through significant investments in research and development, which is expected to enhance its product offerings and market position by 2028 [2][9]. Group 1: Financial Performance and Market Position - QIAGEN's R&D expenditures accounted for 8.9% of third-quarter sales, with expectations for further increases as the company seeks regulatory approvals for new products [2]. - Year-to-date, QIAGEN shares have increased by 0.5%, contrasting with a 13.1% decline in the broader industry, indicating resilience in a challenging market [3]. - The Diagnostic Solutions product group saw a 10% sales growth year-over-year, driven by strong demand for consumables, with the QuantiFERON test achieving over $100 million in sales for six consecutive quarters [11]. Group 2: Strategic Collaborations and Product Development - QIAGEN has established over 30 master collaboration agreements with pharmaceutical companies, enhancing its product development capabilities [11]. - Recent collaborations include partnerships with Eli Lilly for Alzheimer's diagnostics and AstraZeneca for chronic disease applications, indicating a strategic focus on expanding its diagnostic capabilities [10][15]. Group 3: Market Dynamics and Competitive Landscape - The molecular diagnostics market is experiencing dynamic growth, with QIAGEN offering a broad portfolio of molecular technologies that streamline laboratory workflows [8]. - Despite its strong market position, QIAGEN faces competitive pressures from firms providing similar pre-analytical solutions, which may impact its market share [7]. - The company is highly exposed to foreign currency risks, with over 50% of revenues generated internationally, which could affect financial performance due to currency fluctuations [4][12]. Group 4: Challenges and Risks - QIAGEN anticipates a negative impact on full-year net sales of approximately 1% and a reduction of about 2 cents per share on adjusted EPS due to currency movements against the U.S. dollar [18]. - Sales in the Asia Pacific, Japan, and Rest of World regions declined by 2% year-over-year, reflecting challenging macroeconomic conditions, particularly in China [12].
Should You Continue to Retain QIAGEN Stock in Your Portfolio Now?
ZACKS· 2024-12-05 13:50
QIAGEN N.V.’s (QGEN) solid potential in the molecular diagnostics area is poised to help it grow in the coming quarters. The company continues to progress with its test menu expansion, building a solid foundation to achieve its long-term targets. Strategic collaborations with Eli Lilly are helping it develop and market its existing and potential products. Meanwhile, the adverse impact of macroeconomic challenges as well as intense competition remain a concern for QIAGEN’s operations.In the past year, this Z ...
Here's Why Qiagen (QGEN) is a Strong Value Stock
ZACKS· 2024-11-29 15:40
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The Z ...
QGEN Stock to Gain From Expanding QIAstat-Dx With New Barcelona Site
ZACKS· 2024-11-29 13:41
QIAGEN N.V. (QGEN) has announced plans to move its QIAstat-Dx operations to a new site in Esplugues de Llobregat as part of a multi-year investment to strengthen this business. Slated to open in early 2026, the new site builds on the long-standing presence of the company in the Barcelona area and will cover the entire value chain for the QIAstat-Dx system.The site will include teams such as Research & Development (R&D), Manufacturing, Sales, Marketing, Quality Assurance and Regulatory Affairs. Additionally, ...
QGEN Stock Dips Despite Launch of Customized dPCR Assay Design Tools
ZACKS· 2024-11-28 13:45
Company Developments - QIAGEN N.V. has launched two new tools for designing and ordering custom solutions for microbial analysis, specifically targeting bacterial, fungal, and viral pathogens [1][5] - The new tools include a Custom dPCR Microbial Assays design tool and the QIAseq xHYB Custom Microbial Panels, enhancing the capabilities for researchers to customize assays for the QIAcuity digital PCR system and third-party NGS systems [5][6] - The new products expand the applicability of nanoplate dPCR to various microbial targets, including wastewater testing, food production, and human pathogen analysis [7] Market Performance - Following the announcement of the new tools, QGEN's share price fell by 5.2% to $41.47 in after-market trading [3] - QIAGEN currently has a market capitalization of $9.72 billion and has delivered an average earnings surprise of 3.52% over the last four quarters [4] Industry Prospects - The global digital PCR market was valued at $678.1 million in 2023 and is projected to grow to $3.3 billion by 2034, with a compound annual growth rate (CAGR) of 15.7% [8] - Key drivers for market growth include the increasing adoption of personalized medicine and advancements in technology [8] Recent Product Additions - In September, QIAGEN added over 100 validated QIAcuity digital PCR assays for various applications, including cancer research and infectious disease surveillance [10] - These new assays are designed to meet high standards of quality, multiplexing capabilities, customization, precision, and sensitivity [10] Stock Performance - Over the past year, QGEN's shares have increased by 2.9%, slightly underperforming the industry average growth of 3% [11]
Here's Why Qiagen (QGEN) is a Strong Momentum Stock
ZACKS· 2024-11-25 15:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are ...
Innovations Support QIAGEN Shares Despite Macroeconomic Concerns
ZACKS· 2024-11-22 15:21
QIAGEN's (QGEN) business is expected to get a boost from its growing molecular diagnostic market, expanded test menu and growth-driving strategic collaborations. Yet, the company faces a challenging macro environment. An intense competitive environment and exchange rate fluctuations may dent the results of operations. The stock carries a Zacks Rank #3 (Hold) at present.Factors Driving QGEN StockMolecular testing is the most dynamic segment of the global in vitro diagnostics market. QIAGEN offers one of the ...
Don't Overlook Qiagen (QGEN) International Revenue Trends While Assessing the Stock
ZACKS· 2024-11-11 15:20
Company Performance - Qiagen's total revenue for the quarter ending September 2024 was $501.87 million, a 5.5% year-over-year increase [4] - Asia Pacific, Japan, and Rest of World contributed $75.06 million (14.96% of total revenue), a -2.51% surprise compared to the expected $76.99 million [5] - Europe, Middle East, and Africa contributed $158.18 million (31.52% of total revenue), a -0.58% surprise compared to the expected $159.11 million [6] Revenue Projections - Wall Street analysts project Qiagen's revenue for the ongoing fiscal quarter to be $522.77 million, a 2.7% increase from the year-ago quarter [7] - Asia Pacific, Japan, and Rest of World are expected to contribute 15.6% ($81.38 million) and Europe, Middle East, and Africa 32.8% ($171.69 million) to the total revenue [7] - For the entire year, Qiagen's total revenue is forecasted to be $1.97 billion, a 0.3% improvement from the previous year [8] - Asia Pacific, Japan, and Rest of World are expected to contribute 15.5% ($306.3 million) and Europe, Middle East, and Africa 32.6% ($642.48 million) to the total revenue [8] Stock Performance - Over the past month, Qiagen's stock has declined by 0.4%, while the Zacks S&P 500 composite has increased by 4.4% [13] - The Zacks Medical sector, Qiagen's industry group, has declined by 1.4% over the same period [13] - Over the past three months, Qiagen's stock price has declined by 6.3%, while the S&P 500 index has risen by 13.1% [13] - The broader sector has declined by 2% during this interval [13] Market Context - The global economy's deep interlinkage makes a company's engagement with international markets critical for financial success and growth [2] - International market involvement serves as insurance against domestic economic downturns and enables engagement with faster-growing economies [3] - Qiagen's reliance on foreign markets presents a mix of opportunities and challenges, making vigilant monitoring of international revenue movements essential for projecting the company's future direction [9]