Quidel Corporation (NASDAQ:QDEL) Analysts Just Cut Their EPS Forecasts Substantially

Simply Wall St.2021-04-24

Today is shaping up negative for Quidel Corporation (NASDAQ:QDEL) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. Revenue and earnings per share (...

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MrK88088
2021-04-28
MrK88088
Covid-19 will be around for quite a while. Testing still remains essential even after vaccination drive.

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Revenue and earnings per share (...</p>\n\n<a href=\"https://finance.yahoo.com/news/quidel-corporation-nasdaq-qdel-analysts-094924497.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QDEL","symbol_name":"窥得儿医药","start_time":0,"source_url":"https://finance.yahoo.com/news/quidel-corporation-nasdaq-qdel-analysts-094924497.html","article_id":"2129649863","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/GRsO1lGjygtrxFOhNMtXmw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/S0lfvVFvT2zEUqilo.yhog--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/2260c3158cb31199a7e2c221586ac549"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2129649863","pubTimestamp":1619257764,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Today is shaping up negative for Quidel Corporation (NASDAQ:QDEL) shareholders, with the analysts de","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"QDEL":"窥得儿医药"},"translate_title":"Quidel Corporation（纳斯达克代码：QDEL）分析师刚刚大幅下调了每股收益预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JE":1,"QDEL":1},"content_text":"Today is shaping up negative for Quidel Corporation (NASDAQ:QDEL) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon. \n Following the downgrade, the most recent consensus for Quidel from its five analysts is for revenues of US$2.1b in 2021 which, if met, would be a sizeable 25% increase on its sales over the past 12 months. Per-share earnings are expected to climb 18% to US$22.67. Previously, the analysts had been modelling revenues of US$2.4b and earnings per share (EPS) of US$27.78 in 2021. It looks like analyst sentiment has declined substantially, with a substantial drop in revenue estimates and a real cut to earnings per share numbers as well. \n View our latest analysis for Quidel \n\n\n\n  NasdaqGS:QDEL Earnings and Revenue Growth April 24th 2021\n \n\n It'll come as no surprise then, to learn that the analysts have cut their price target 18% to US$185. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Quidel, with the most bullish analyst valuing it at US$326 and the most bearish at US$95.00 per share. So we wouldn't be assigning too much credibility to analyst price targets in this case, because there are clearly some widely differing views on what kind of performance this business can generate. As a result it might not be possible to derive much meaning from the consensus price target, which is after all just an average of this wide range of estimates. \n Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Quidel's revenue growth will slow down substantially, with revenues to the end of 2021 expected to display 25% growth on an annualised basis. This is compared to a historical growth rate of 39% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 9.3% annually. So it's pretty clear that, while Quidel's revenue growth is expected to slow, it's still expected to grow faster than the industry itself. \nThe Bottom Line \n The biggest issue in the new estimates is that analysts have reduced their earnings per share estimates, suggesting business headwinds lay ahead for Quidel. While analysts did downgrade their revenue estimates, these forecasts still imply revenues will perform better than the wider market. After such a stark change in sentiment from analysts, we'd understand if readers now felt a bit wary of Quidel. \n After a downgrade like this, it's pretty clear that previous forecasts were too optimistic. What's more, we've spotted several possible issues with Quidel's business, like concerns around earnings quality. For more information, you can click here to discover this and the 2 other risks we've identified. \n Another way to search for interesting companies that could be  reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying. \nThis article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":377489453,"gmtCreate":1619553237472,"gmtModify":1704725757085,"author":{"id":"3552211490267635","authorId":"3552211490267635","name":"MrK88088","avatar":"https://community-static.tradeup.com/news/177889ab348d52aa048bc5d523f30868","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Covid-19 will be around for quite a while. Testing still remains essential even after vaccination drive.&nbsp;","listText":"Covid-19 will be around for quite a while. Testing still remains essential even after vaccination drive.&nbsp;","text":"Covid-19 will be around for quite a while. Testing still remains essential even after vaccination drive.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377489453","repostId":2129649863,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2129649863"}