Peregrine Pharmaceuticals (PPHM) Earnings: An Early Look – Celgene Corporation (CELG)

Earnings season is winding down, with most companies already having reported their quarterly results. But there are still some companies left to report, and Peregrine Pharmaceuticals (NASDAQ:PPHM) is about to release its quarterly earnings. The key to making smart investment decisions with stocks releasing their quarterly reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.

Peregrine Pharmaceuticals (NASDAQ:PPHM)Peregrine Pharmaceuticals (NASDAQ:PPHM) is one of many small biotech companies still looking to get their first drugs approved. Despite having very little in the way of revenue, the company has had a lot happening with it lately. Let’s take an early look at what’s been happening with Peregrine Pharmaceuticals (NASDAQ:PPHM) over the past quarter and what we’re likely to see in its quarterly report on Tuesday.

Stats on Peregrine Pharmaceuticals

Analyst EPS Estimate ($0.07)
Year-Ago EPS ($0.13)
Revenue Estimate $3.9 million
Change From Year-Ago Revenue 19%
Earnings Beats in Past 4 Quarters 3

Source: Yahoo! Finance.

What’s been happening with Peregrine Pharmaceuticals this quarter?
Analysts have raised their estimates slightly on Peregrine Pharmaceuticals (NASDAQ:PPHM) over the past few months, reducing their loss expectations by a penny per share for the just-ended quarter and by $0.03 per share for the full 2013 fiscal year. The stock has reflected even more optimism, rising nearly 30% since early December, but having given back much bigger gains from earlier this year.

Lately, investors have been on a roller-coaster ride with Peregrine Pharmaceuticals (NASDAQ:PPHM)’s stock. Last September, the company said that its own favorable clinical trial results for its most promising pipeline cancer drug, bavituximab, weren’t trustworthy, sending the shares down 80%. Yet by November, investors were getting more confident about the stock, seeing that mistakes made in the trial didn’t necessarily mean the drug didn’t work.

Then, in January, Peregrine said its third-party vendor had only mixed up part of its trial data, drawing favorable conclusions from the accurate part of the trial. Yet without explicit statistical analysis of the results, it’s hard for investors to compare bavituximab’s effectiveness against Celgene Corporation (NASDAQ:CELG)‘s rival pancreatic-cancer drug Abraxane.

In its earnings report, Peregrine Pharmaceuticals (NASDAQ:PPHM) needs to be as forthcoming about the bavituximab trial, providing as much statistical analysis as possible to help support its assertions that the drug has good prospects. Without that, it’s hard to see investors regaining confidence in the stock over the long haul.

The article Peregrine Pharmaceuticals Earnings: An Early Look originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter: @DanCaplinger. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!