ICON's third-quarter 2024 earnings lag estimates due to its large customers undergoing significant development model shifts with resulting cost pressures and the biotech market's slower recovery.
ICON Public Limited Company (NASDAQ:ICLR ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Kate Haven - Vice President of Investor Relations Steve Cutler - Chief Executive Officer Brendan Brennan - Chief Financial Officer Conference Call Participants Elizabeth Anderson - Evercore Michael Cherny - Leerink Partners Luke Sergott - Barclays Justin Bowers - Deutsche Bank Ann Hynes - Mizuho Patrick Donnelly - Citi David Windley - Jefferies Max Smock - William Blair Michael Ryskin - Bank of America Dan Leonard - UBS Jailendra Singh - Truist Securities Eric Coldwell - Baird Matt Sykes - Goldman Sachs Jack Meehan - Nephron Research Casey Woodring - JPMorgan Charles Rhyee - TD Cowen Operator Good day, and thank you for standing by. Welcome to the ICON PLC Q3 Earnings Conference Call and Webcast.
Icon PLC (ICLR) came out with quarterly earnings of $3.35 per share, missing the Zacks Consensus Estimate of $3.85 per share. This compares to earnings of $3.30 per share a year ago.
Icon PLC (ICLR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of Icon PLC (ICLR, Financial) surged 3.72% in mid-day trading on Oct 2. The stock reached an intraday high of $295.09, up from its previous close of $284.51.
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Icon PLC (ICLR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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Investors remain optimistic about ICON (ICLR) due to its commitment to patient access and impressive strategic pacts.
Icon PLC (ICLR) reported earnings 30 days ago. What's next for the stock?
ICON's (ICLR) second-quarter 2024 results reflect efficient service delivery and strong cost control.
Icon PLC (ICLR) came out with quarterly earnings of $3.75 per share, beating the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $3.11 per share a year ago.