PRGO Earnings Prediction
The chart below shows how PRGO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PRGO sees a +3.69% change in stock price 10 days leading up to the earnings, and a +1.36% change 10 days following the report. On the earnings day itself, the stock moves by -3.82%. This data can give you a slight idea of what to expect for the next quarter's release.
PRGO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.09B
-3.23%
2.06%
Gross Margin
37.19%
1.64%
0.40%
Operating Margin
10.43%
50.94%
149.52%
Net Margin
-1.62%
-218.25%
-83.67%
EPS
-0.15
-250.00%
-81.01%
No Data Available
PRGO Earnings Analysis
PERRIGO COMPANY PLC Corporation (PRGO.N) Earnings Conference Call
Positive
Gross Savings Overview: Project Energize achieved $95 million in gross savings year-to-date, partially offset by $16 million in reinvestments.
Projected Annual Savings: We expect Project Energize to deliver $140 million to $170 million in gross pre-tax annualized savings by the end of 2026.
Supply Chain Savings Report: The supply chain reinvention program is delivering gross savings of $32 million year-to-date, corresponding to a cash outflow of $18 million.
Supply Chain Savings and ROI: The supply chain program has achieved $72 million in gross savings and corresponding cash outflow of $42 million, equating to an extremely solid ROI.
EPS Growth Analysis: Third quarter EPS of $0.81 increased by 27% year-over-year and 53% sequentially.
Negative
Net Sales Decline: Third quarter net sales decreased 3.2% year-over-year, while organic net sales declined 2.4%.
Sales Decline Analysis: Year-to-date net sales decreased 7.5%, with organic sales down 6.3%, including a 3.7 percentage point impact from infant formula and a 4.7 percentage point impact from lower first half seasonal demand for cough, cold, and allergy products.
EPS Decline Analysis: Year-to-date EPS declined $0.09 primarily due to discrete tax benefits in the prior year of $0.11, inferring a $0.02 increase at a constant tax rate.
Operating Income Increase Factors: Year-to-date operating income increased 1.8% as net favorable pricing and benefits from accretive initiatives more than offset a minus 10.4 percentage point impact from infant formula and minus 3.5 percentage point impact from exited businesses and product lines.
Net Sales Decline: Third quarter net sales decreased 4.4% due primarily to minus 4.4 percentage point impacts from the lost distribution in U.S. Store Brands, with lower sales in the Nutrition category of minus 0.4 percentage points, offset by growth of positive 0.4 percentage points across the rest of the portfolio.
PRGO FAQs
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PRGO Earning Call Sentiment
Perrigo Company plc (PRGO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PRGO.N
20.18%Positive
The earnings call presents a mixed picture: improved margins and EPS growth are positive, but declining net sales and litigation risks are concerns. The Q&A reveals optimism about infant nutrition recovery and margin improvements, yet uncertainty remains about Opill's impact on EPS. The absence of a share buyback plan and unclear guidance on future earnings further contribute to a neutral sentiment. The market may react cautiously due to these mixed signals, balancing optimism in operational recovery with concerns over sales decline and litigation expenses.
