NASDAQ$ENTA

Enanta Pharmaceuticals Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported financial results for the fiscal first quarter, highlighting positive clinical data for EDP-514 and advancements in research and development programs.

Enanta Pharmaceuticals reported a decrease in revenue compared to the same quarter last year, with $52.6 million in royalty revenue. Net income was $13.4 million, or $0.65 per diluted share. The company's cash and marketable securities totaled $414.7 million.

  • Reported positive results from part 1 of the Phase 1a/b clinical study of EDP-514 in healthy subjects.
  • Initiated Part 2 of the study in nuc-suppressed chronic hepatitis B virus patients.
  • Advanced research and development programs, with several milestones expected in 2020 from RSV, NASH, and HBV programs.
  • Cash and marketable securities totaled $414.7 million at December 31, 2019.

Headline financials

Total Revenue

$52.6M

Previous: $69.9M-24.8%
EPS (adj)

$0.65

Previous: $1.25-48.0%
Capital Expenditures

-$488K

Previous: -$384K-27.1%
Free Cash Flow

$13M

Previous: $25.6M-49.4%
Net Income

$13.4M

Previous: $26M-48.3%
Operating Income

$12.9M

Previous: $27.9M-53.8%
Gross Profit

$52.6M

Previous: $69.9M-24.8%
Cash & Equivalents

$27.6M

Previous: $74.4M-62.9%
Total Assets

$511M

Previous: $454M+12.5%
Stock-Based Comp

$5.1M

Previous: $5.84M-12.8%

Revenue & EPS history

Enanta Pharmaceuticals · Revenue · Quarterly

$52.6M

Q1 2020-24.8%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Enanta Pharmaceuticals · $52.6M total across 1 segment · Q1 2020

  • Royalty Revenue
    $52.6M-24.7%

Forward guidance

Enanta anticipates its current cash, cash equivalents, and marketable securities, along with ongoing royalty revenue, will adequately cover the projected cash needs for its current business and development initiatives in the foreseeable future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.3%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-1.0%

Avg return

30 days after

41%

24 / 58 earnings

Positive

+14.8%

Q4 2021

Best reaction

-29.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-6.1%-13.4%-26.0%
Q1 2026+2.2%+0.1%-3.0%
Q4 2025-3.5%-0.7%+13.3%
Q2 2025-5.6%+3.6%+33.5%
Q1 2025+14.1%+45.7%+39.4%
Q4 2024-8.4%-7.9%-34.7%
Q3 2024-6.5%-9.5%-12.7%
Q2 2024-13.6%-16.6%-18.3%
Q1 2024-1.4%-1.7%+22.8%
Q4 2023+9.2%+8.9%-6.7%
Q3 2023-6.6%-19.8%-38.8%
Q2 2023-29.2%-29.7%-27.0%
Q1 2023-0.5%+0.2%-12.1%
Q4 2022-2.9%-11.2%+0.3%
Q3 2022-3.8%-4.2%-10.4%
Q2 2022-1.9%-13.2%-24.4%
Q1 2022+2.8%+1.8%+3.9%
Q4 2021+14.8%+22.0%+2.7%
Q3 2021+5.6%+6.3%+35.8%
Q2 2021-6.9%-5.6%-8.5%
Q1 2021+3.1%-3.3%-3.9%
Q4 2020-1.6%-1.5%-2.9%
Q3 2020-2.1%+0.2%+4.4%
Q2 2020-0.6%+1.8%-0.5%
Q1 2020-0.1%-5.4%-2.3%
Q4 2019-1.8%+1.1%+3.4%
Q3 2019+6.0%+7.4%+0.7%
Q2 2019-0.0%-3.2%+0.5%
Q1 2019+11.6%+11.2%+22.9%
Q4 2018+1.5%+0.2%-11.1%
Q3 2018-6.4%-6.3%-11.4%
Q2 2018-4.5%-3.6%+7.7%
Q1 2018-19.0%-16.7%-7.5%
Q4 2017-5.9%-1.4%+18.0%
Q3 2017+2.2%+2.0%+11.6%
Q2 2017+9.3%+8.0%-3.3%
Q1 2017-6.5%-7.5%-8.9%
Q4 2016+7.4%+9.0%+10.0%
Q3 2016+2.3%+6.4%+4.3%
Q2 2016-1.8%
Q1 2016+1.8%
Q4 2015-2.0%
Q3 2015-13.8%
Q2 2015-0.1%
Q1 2015-4.2%
Q4 2014+4.3%
Q3 2014+4.6%
Q2 2014+5.2%
Q1 2014-3.6%
Q1 2013-3.6%
Q4 2011-22.6%
Q1 2012-22.6%
Q4 2013+8.5%
Q3 2013+7.4%
Q3 2012+7.4%
Q2 2012+5.5%
Q4 2012+5.5%
Q2 2013+0.7%

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