Benzinga | Oct 19, 2021 10:13AM EDT

Earnings Outlook For Biogen

Biogen(NASDAQ:BIIB) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Analysts estimate that Biogen will likely report an Earnings Per Share (EPS) of $4.11

Biogen bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by $24.84, which was followed by a 0.29 drop in the share price the next day.

Here's a look at Biogen's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 4.55 5.04 4.87 8.13EPS Actual 5.68 5.34 4.58 8.84Revenue Estimate 2.61B 2.65B 2.80B 3.35BRevenue Actual 2.77B 2.69B 2.85B 3.38B

Stock Performance

Shares of Biogen were trading at $269.73 as of October 18. Over the last 52-week period, shares are down 0.45%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.