Gilead Sciences Posts Q4 Earnings Beat, Slumps on Weak Guidance

Gilead Sciences Posts Q4 Earnings Beat, Slumps on Weak Guidance

The investment management firm now holds a total of 57,354 shares of Gilead Sciences which is valued at $4,155,297 according to the information filed on Feb 1, 2017.Gilead Sciences makes up approximately 2.16% of Dock Street Asset Management Inc's portfolio.

July 25, 2016: Gilead Sciences Inc. Post-earnings, GILD stock ranged between $72.45 and $74.35 after opening the day (11/02/2016) at $74. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. Over the last six months and over the last three months, the shares of Gilead Sciences Inc. MA ended last trade at $50.43 a share and the price is up more than 0.58% so far this year. That's down from the $29.9 billion in product sales the company had in 2016. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. On the 7th day After Earnings Report, the stock hit its share price as $73.58 by showing -0.04% decrease from the Stock price Before Earnings were reported. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. This is a positive change from Gilead Sciences's previous quarterly dividend of $0.47. The biopharmaceutical company reported $2.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by $0.12. Full-year profit views are for Gilead Sciences Inc.to earn $11.41 in current year and grow profits by almost -9.52% over last year's earnings of $12.61.

Several equities research analysts have issued reports on the company. (GILD) reported Q2 earnings of $3.08, beating consensus estimates of $3.02.


Investors were expecting Gilead to issue a down outlook for 2017 but the numbers provided by the company Tuesday were absolutely bleak.

In other news, insider John C. Martin sold 73,337 shares of the firm's stock in a transaction on Tuesday, January 3rd. Robert W. Baird reissued an "outperform" rating and set a $100.00 target price on shares of Gilead Sciences in a research note on Wednesday, December 21st.

Shares of Gilead closed Tuesday at $73.13, with a consensus analyst price target of $93.36 and a 52-week trading range of $69.78 to $103.10. The company presently has a consensus rating of "Buy" and an average target price of $95.23. Let's take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Following the transaction, the director now owns 121,761 shares of the company's stock, valued at $9,115,028.46. The disclosure for this sale can be found here. The stock tumbled -11.3 percent over the last 6 months. The Company focuses on the discovery, development and commercialization of medicines in areas of unmet medical need.

Related News:

  • 'What do you think, our country's so innocent?', asks Trump

    'What do you think, our country's so innocent?', asks Trump

    Asked whether he respected Mr Putin , the USA president replied: "I do respect him. well I respect a lot of people". As Trump said, " you have to stick up for your friends, right?" Tapper questioned the Kentucky Republican.
    Trump's army secretary nominee Vincent Viola withdraws as candidate

    Trump's army secretary nominee Vincent Viola withdraws as candidate

    In a statement , Viola, a West Point graduate, said overcoming the ethical conflicts had "proven insurmountable". Vincent Viola apparently dropped out from being considered for Army secretary Friday night.

    Businesses roll out coalition to support House GOP border tax

    It's never been tested, and it doesn't even exist in a legislative bill yet - only in a spare proposal from House Republicans. But Jeremy Scott, editor in chief of commentary at Tax Analysts, thinks it may be time to put the idea aside for now.
  • Profit at Twenty-First Century Fox Beats, Revenue Falls Short

    The results from the second quarter demonstrate the importance of live sports and news for Fox and other media companies. Overall, Fox reported that revenues, ending December 31, 2016, climbed 4.1% to $7.7 billion - a bit under estimates.
    Justin Bieber Offers History of Touchdown Celebrations

    Justin Bieber Offers History of Touchdown Celebrations

    Key role: Wearing a tuxedo and his glasses, the normally casual star kicked off the #UnlimitedMoves clip by saying: "Hello". The new commercial stars Bieber as a historian of sorts, guiding the audience through the history of dance celebrations.
    FCC drops net neutrality investigations into AT&T, Verizon

    FCC drops net neutrality investigations into AT&T, Verizon

    The FCC had challenged the practice as a violation of the spirit, if not the letter , of its net neutrality protections. Many other conservatives also objected to the move, saying it went too far and abused the FCC's powers.
  • 'Breaking Bad' cop killer Stefano Brizzi found dead in jail

    'Breaking Bad' cop killer Stefano Brizzi found dead in jail

    At the time of his death Brizzi was serving his sentence: life in prison with a minimum of 24 years served, per the Guardian . Pc Semple's long-term partner, Gary Meeks, reported him missing when he failed to return to their home in Dartford, Kent.

    Goa Elections: 15% voting in first 2 hours says Chief Electoral Officer

    For the first time webcasting from 4000 polling booth was done in Punjab, monitored from Chandigarh control room. A 78-year-old man named Leslie Saldanha collapsed at the Mary Immaculate School polling station in Panjim.

    Ranking Every WWE Elimination Chamber Match In History

    That would be cutting it close considering Wrestlemania 33 is set for April 2 at the Camping World Stadium in Orlando, Florida. The degree of damage caused by the injury is still uncertain as there is no timeline set for Rollins' return to the ring.
  • Eden Hazard magical solo goal compounds Arsenal misery as Chelsea in command

    The tenacious midfielder recently signed a new contract with the Gunners but the decision to award him with one is questionable. It all feels very reminiscent of two seasons ago, when Jose Mourinho's Chelsea cruised to the title facing no real challenge.
    Highlights: All Blacks Sevens knocked out of Sydney Sevens by England

    Highlights: All Blacks Sevens knocked out of Sydney Sevens by England

    Australia's men have fallen short of a Sydney Sevens final berth, losing 26-12 to top-ranked South Africa in the semi-finals. For the second week in a row, South Africa's superstar performer Seabelo Senatla was the HSBC Player of the Final.
    Human remains found near Alpine as search for Zuzu Verk continues

    Human remains found near Alpine as search for Zuzu Verk continues

    Police on Saturday arrested the boyfriend of a missing Keller woman after what are believed to be her skeletal remains were found. Fierro says the arrest is related to last fall's disappearance of Sul Ross State University junior ZuZu Verk of Fort Worth.


Most liked

Gov. Wolf Proposes $2B In Spending Cuts To Balance Budget
Saylor said Wolf has shown an openness to pass pension reform, but he didn't want it to overshadow other proposals in the budget. The DP wrote that a $14.4 million decrease in funding to the veterinary school since 2008 resulted in cuts to Penn Vet's budget.

26% of teen e-cigarette users "dripping" e-liquid
The one in four teens data was found during a 2015 survey from over 7,000 students in eight different CT high schools. These encourage smoking tricks, where vapor patterns can be produced with thicker clouds, Krishnan-Sarin said.

Trump official admits missteps in United States travel ban
People were banned from Iran, Sudan, Libya, Yemen, Somalia, Iraq and Syria. The president, in another tweet , said people "were pouring in".

Andrea Giesbrecht guilty of hiding six dead infants in locker
Giebrecht faces up to 12 years in prison as each charge carries a maximum sentence of two years. The remains of all six infants were linked to Giesbrecht and her husband through DNA evidence.

Final Fantasy XV Broke Even With Development Costs On Its Launch Day
Three of Square Enix's four yearly quarters have passed, leaving the last three-month quarter (Q4 2017) which ends on March 2017. This is also why its creator, Takeo Kujiraoka thinks that it can be a great e-sports game.

5.8 magnitude quake strikes New Delhi, strong tremors felt across northern India
The European-Mediterranean Seismological Centre (EMSC) has estimated the natural disaster struck at a depth of about 40 km. There were no immediate reports of any loss of life or damage to property, Times of India reported .

Google will sell its Terra Bella small-satellite unit to imaging firm
This will be the largest single launch of satellites at one time in history, and is now scheduled for February 14. Separate from its acquisition of Terra Bella , Planet has been making some ambitious plans as of late.

French election: Le Pen declares candidacy, attacks globalization
Le Pen sad: "Faced with the cash-rich rightwing and the cash-rich leftwing, only I am he candidate for the people". A French exit from the European Union would be far messier than the departure Britain is preparing to negotiate.

South African rugby legend Joost van der Westhuizen dies, aged 45
However it was his performance at the previous World Cup, held in South Africa, that cemented his reputation in world rugby. The great South African half has finally succumbed to motor neurond disease, passing away in Johannesburg at the age of 45.

Afghan civilian casualties hit all-time high, says UN
He said foreign forces were the major perpetrators of Afghan civilian casualties as they dropped tons of bombs on people and raided homes.

Eggos and huge monsters in the Stranger Things 2 Super Bowl spot
The first season chronicled the search for a young boy who vanishes under mysterious circumstances. To tease this fact Stranger Things Season 2 teaser employed a retro Eggo waffle commercial.

Sports official: HB 2 'closing window' on NCAA events in North Carolina
Roy Cooper, who said there is enough support for a repeal. "It will be a shame if HB2 is resolved one day too late". North Carolina institutions are bidding to host 133 championship-level NCAA events over the next six years.

McSweeney's published Trump's Black History Month speech as a humor column
I am very proud now that we have a museum on the National Mall where people can learn about Reverend King, so many other things. Meyers and one of the show's writers, Amber Ruffin , were on top of Trump's Black History Month speech.

Apple to build iPhone in India this year
But chief executive Tim Cook said this week it would "invest significantly" in the country of 1.25 billion people. However, past year it had 48 percent of the premium sector in which phones sell for $450 and above.

First Quantum Computer Prototype Build in UK
If successfully built, the quantum computer can open doors for many industries in science and technology. But it is also this particular state that makes quantum computers hard to build.