What Analyst Projections for Key Metrics Reveal About Exelixis (EXEL) Q2 Earnings

Wall Street analysts forecast that Exelixis (EXEL) will report quarterly earnings of $0.63 per share in its upcoming release, pointing to a year-over-year decline of 25%. It is anticipated that revenues will amount to $574.51 million, exhibiting a decrease of 9.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.That said, let's delve into the average estimates of some Exelixis metrics that Wall Street analysts commonly model and monitor.Analysts expect 'Revenues- Net product' to come in at $522.61 million. The estimate indicates a year-over-year change of +19.4%.The collective assessment of analysts points to an estimated 'Revenues- Collaboration services' of $51.23 million. The estimate points to a change of +1011% from the year-ago quarter.The consensus estimate for 'Revenues- Net product- COMETRIQ' stands at $3.58 million. The estimate points to a change of -15.7% from the year-ago quarter.Analysts predict that the 'Revenues- Net product- CABOMETYX' will reach $527.01 million. The estimate indicates a change of +21.6% from the prior-year quarter. View all Key Company Metrics for Exelixis here>>> Exelixis shares have witnessed a change of -2.7% in the past month, in contrast to the Zacks S&P 500 composite's +5.9% move. With a Zacks Rank #2 (Buy), EXEL is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelixis, Inc. (EXEL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks