Biotechnology company Moderna (NASDAQ:MRNA) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
Moderna met analysts’ revenue expectations last quarter, reporting revenues of $966 million, down 65.6% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly.
Is Moderna a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Moderna’s revenue to decline 29.4% year on year to $117.9 million, improving from the 91% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$3.11 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Moderna has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Moderna’s peers in the biotechnology segment, some have already reported their Q1 results, giving us a hint as to what we can expect. AbbVie delivered year-on-year revenue growth of 8.4%, beating analysts’ expectations by 3.3%, and Gilead Sciences reported flat revenue, falling short of estimates by 2.1%. AbbVie traded up 6.6% following the results while Gilead Sciences was down 2.7%.
Read our full analysis of AbbVie’s results here and Gilead Sciences’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the biotechnology stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.6% on average over the last month. Moderna is up 2.9% during the same time and is heading into earnings with an average analyst price target of $49.57 (compared to the current share price of $27.96).
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