Why Teva Pharmaceutical Stock Is Soaring Today
Teva reported Q1 earnings, beating Wall Street's EPS expectations.
The company raised its full-year guidance as margins expand.
10 stocks we like better than Teva Pharmaceutical Industries ›
Shares of Teva Pharmaceutical (NYSE: TEVA) are surging on Wednesday. The company's stock is up 9.2% as of 1:15 p.m. ET and was up as much as 9.5% earlier in the day. The leg up comes as the S&P 500 is up 0.4% and the Nasdaq Composite is losing 0.1% on the day so far.
The Israel-based pharmaceutical company reported strong Q1 earnings today and raised its full-year profit guidance.
Teva reported Q1 adjusted earnings per share (EPS) of $0.52, solidly beating Wall Street's target of $0.48. The company missed on sales, however, reporting $3.89 billion for the quarter when $4 billion was expected.
Still, the company's margins are expanding, reaching 48.2% in the quarter, compared to 46.4% a year ago. The company pointed to higher-margin specialty drugs representing a larger portion of overall sales this quarter.
One of these drugs, Austedo, which is used to treat movement disorders, continued its strong performance with worldwide revenue of $411 for the quarter, up 39%, compared to the same period last year.
Teva raised its fiscal 2025 adjusted EPS guidance from a range of $2.35 to $2.65 to a new range of $2.45 to $2.65. The new midpoint exceeds the consensus estimate of $2.55.
CEO Richard Francis emphasized that Teva is now entering the "Acceleration Phase" of its "Pivot to Growth Strategy." "We're accelerating innovative growth and strengthening our generics business, while streamlining our operations, sharpening our business, and optimizing processes," Francis stated. These efficiency measures, combined with the company's product growth, appear to be resonating with investors.
The company appears to be delivering on its growth plan. Considering its reasonable valuation, I think the stock is a good pick.
Before you buy stock in Teva Pharmaceutical Industries, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Teva Pharmaceutical Industries wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $613,546!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $695,897!*
Now, it's worth noting Stock Advisor's total average return is 893% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join .
See the 10 stocks »
*Stock Advisor returns as of May 5, 2025
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Why Teva Pharmaceutical Stock Is Soaring Today was originally published by The Motley Fool
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
14 minutes ago
- Business Insider
Stock Market News Review – Stock Futures Dip with Key Events Ahead
U.S. stock futures slightly dipped on Sunday evening, with the S&P 500 (SPX) hovering just below record territory. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were down 0.14%, 0.04%, and 0.07%, respectively, at 8:06 p.m. EST, June 8. Confident Investing Starts Here: Meanwhile, all three major indexes finished their second winning week in a row. The S&P 500 ended above 6,000 for the first time since February 21 and is now less than 3% below its all-time closing high. This week starts off busy, with U.S. and China officials holding trade talks in London and Apple (AAPL) kicking off its 2025 Worldwide Developers Conference today. Later in the week, investors will watch closely for fresh inflation data, with May's Consumer Price Index (CPI) due Wednesday and May's Producer Price Index (PPI) on June 12, Thursday.
Yahoo
21 minutes ago
- Yahoo
Markel International appoints Sucheng Chang to lead Asia Pacific operations
LONDON, June 9, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has appointed Sucheng Chang as its new Managing Director for Asia Pacific, with effect from 14 July. In his new role, Chang will head up Markel International's Asia Pacific business, which operates from its regional hub in Singapore and from offices in Australia, Hong Kong, China, India, Malaysia and Dubai. He will be responsible for leading the strategic direction of the business, centered on maximizing profitable growth and delivering exceptional client and broker service. Markel International's Asia Pacific business has witnessed significant expansion in recent years, following investment made as part of its Accelerate Asia Pacific strategy. Since 2019, GWP has increased by approximately 600%, underwriting profitability has improved and the number of employees in the region has increased by nearly 300%. Chang will take over from Christian Stobbs, who earlier this year announced his decision to leave the Asia Pacific region, remaining with Markel in another role. Commenting on Chang's appointment, Andrew McMellin, President of Markel International, said: "Sucheng is a highly strategic and well-respected leader within the Asia Pacific market, and I'm thrilled that he's joining Markel to lead our regional business in the next phase of its development. The Accelerate Asia Pacific strategy is a cornerstone of the profitable growth agenda at Markel International. I've no doubt that Sucheng's leadership qualities and his significant experience of scaling insurance operations in Asia will help us to build on this momentum as we push it forward to even greater success." Chang added: "Markel has made huge inroads in Asia Pacific and today is a well-respected insurance partner to clients and trading partners in the region, renowned for its focus on exceptional service and customer outcomes. I therefore couldn't be more excited to lead the next phase of the expansion of Markel's Asia Pacific business, building on the progress that's been made to expand our presence even further and take advantage of the opportunities available in the US$300-billion GWP Asia-Pacific insurance market." Chang arrives at Markel with significant experience scaling insurance operations across the Asia Pacific, most recently as Chief Executive Officer, Hong Kong, for Aon. Prior to joining Aon, Chang spent more than 13 years at Liberty Mutual in strategic roles, including Chief Distribution Officer, Global Retail Markets East and Chief Executive Officer of Liberty Insurance Singapore. He holds an MBA from Yale University and BA from Boston University. About Markel Insurance We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide. View original content to download multimedia: SOURCE Markel
Yahoo
23 minutes ago
- Yahoo
Watch These S&P 500 Levels After Index Hits 6,000 Points For First Time Since February
The S&P 500 surpassed the 6,000-point mark on Friday, extending a rally for stocks that's been fueled by optimism about strong corporate earnings and economic data, as investors await further developments on the trade front. The benchmark index broke out from a pennant pattern last week, indicating a continuation of its recent move higher, while the relative strength index confirms bullish momentum. Investors should track key overhead areas on the S&P 500's chart around 6,100 and 6,575, while also watching major support levels near 5,770 and 5, S&P 500 (SPX) surpassed the 6,000-point mark last week for the first time since February, extending a rally for stocks that's been fueled by optimism about strong corporate earnings and economic data, as investors await further developments on the trade front. The benchmark index has rallied sharply from its early-April low to trade just 2.4% below the record high it established in mid-February. Last month, the S&P 500 posted its biggest monthly gain since November 2023, as concerns about the Trump administration's "Liberation Day" tariffs have subsided. Below, we take a closer look at the S&P 500's chart and apply technical analysis to identify key levels that investors will likely be watching. After climbing above a descending broadening formation, the S&P 500 trended sharply higher before consolidating within a pennant. More recently, the index broke out from the pattern last week, indicating a continuation of its recent move higher. Meanwhile, the relative strength index confirms bullish momentum, but remains below its overbought threshold, providing ample room for further upside. Let's identify two key overhead areas on the S&P 500's chart and also locate major support levels to watch during potential retracements. The first key overhead area to track sits around 6,100. This area may provide resistance near a trendline that connects a series on peaks that formed on the chart between December and February just below the index's record high. Investors can project an upside target above the record high by using the bars pattern tool. When applying the analysis to the S&P 500's chart, we extract the steep move higher following the breakout from the descending broadening formation and reposition it from the pennant's breakout point. This projects a target of around 6,575, about 10% above Friday's close. During retracements, investors should initially watch the 5,770 level. The index could find support in this area near the low of the pennant pattern, which closely aligns with the 200-day moving average (MA) and a range of corresponding trading activity on the chart extending back to September last year. Finally, a close below this level could see the S&P 500 revisit lower support around 5,650. Those who invest in the index may seek buying opportunities in this region near the upward sloping 50-day MA and a horizontal line that links a series of price action on the chart between July and May. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
