Jul. 23 at 3:47 PM
Cantor reiterated
$NBIX Overweight/
$170.
W/
$NBIX reporting 2Q25 next Thurs—Cantor notes volatility around earnings (both⬆️&⬇️; avg 6%), over the last few yrs—but points to the last 3 years, 75% of
$NBIX earning prints have seen shares trade higher.
$CRNX $BMY $TEVA $PTCT
Cantor said in its note: "
$NBIX reports 2Q25 next Thursday - shares tend to be volatile around earnings, with avg moves of~6% (either up or down) over the past few years.
While we generally feel good about Crenessity (high confidence) and Ingrezza (low/medium confidence), we note that the volatility and imprecision predicting quarterly earnings results for
$NBIX keeps us on our toes. Each of the last 4 earnings reports have seen stock moves over 5% (either direction). Over the last 3 years, 75% of
$NBIX earning prints have seen shares trade higher, so at least the earnings odds are favorable. 1Q25 saw an 8% bounce in shares after the -18% move down in 4Q24 (due to disappointing '25 guidance)."
