Ahead of Earnings: Analysts Fight Over Dendreon (DNDN)

May 2, 2011 · Filed Under analyst calls, Cancer, dendreon 

Dendreon Corporation (NASDAQ: DNDN) was just highlighted on Saturday morning as being on of the top analyst calls of the week because ThinkEquity had initiated coverage of Dendreon with a “Buy” rating at the firm with a price target objective of $50.00 per share.

This Monday came a new analyst call from Credit Suisse that is almost the exact opposite.  Credit Suisse started coverage with an “Underperform” rating and only a $29.00 price target objective. 

What makes both of these calls so important is that this is ahead of this week’s expected earnings report.  Credit Suisse was cautious on peak-Provenge sales, while ThinkEquity was positive on peak-Provenge sales.
Dendreon earnings are due shortly and remains a story around guidance for late-2011 and into 2012 rather than it is an earnings story for the last quarter. Provenge sales are just getting going and Thomson Reuters has estimates of -$0.70 EPS and $28.86 million in revenues; next quarter estimates are -$0.69 EPS and $58.3 million in revenues.

The Thomson Reuters estimates for 2011 are -$2.24 EPS and $369.7 million in revenues, but the 2012 estimates are $0.30 EPS and about $860.5 million in revenues.

This is one of those instances where research teams basically have access to the same data yet have differing conclusions.  That is what makes a ball game.

Shares closed at $43.43 on Friday and the stock is down 1.2% at $42.90 in pre-market trading this Monday.



2 Responses to “Ahead of Earnings: Analysts Fight Over Dendreon (DNDN)”

  1. pirate bay on January 3rd, 2014 2:26 pm

    If you are attempting to create your own personal torrent then a instructions regarding how to use torrents and how to generate
    torrents are usually in the torrent program that
    you’ve installed on your own computer. Even when you are able to preview the file,
    you will often discover that the video or audio constantly skips
    to another location part of the media that has already been downloaded.

    Marc Cuban has evolved a whole new movie theatre model similar to those that are springing up throughout the country.

  2. the pirate bay on March 20th, 2014 6:53 pm

    s a negative side to the popularity of digital content, and that.
    With close to this much controversy clinging on
    to its name, it must come as not surprising that several in
    the world’s police officers authorities are actually looking
    for ways to shut it down for good. Body Language is nonverbal, usually unconscious,
    communication with the use of postures, gestures, and facial expressions.

Leave a Reply

    Subscribe to BioHealth Investor BioHealth Investor RSS Feed