Enanta Pharmaceuticals Inc (ENTA)

[Rocky3]

P/E = 5???

And what in it on '16 earnings?

Looks like Yahoo says that calendar year earnings are estimated at ~.30/sh and '17 earnings negative. Sure seems to low to me. If 3/31/16 quarter can repeat 12/31/15 royalty (and I think that they should be higher due to Japanese sales more than replacing the decline in the US, which is down ~20% QOQ at this point), there should be >.20/sh income. Even with increased expenses going forward, the expenses are very low. And the potential Japanese sales are very meaningful, but we don't really know how much market share it will take. Hopefully, we will get some numbers as the quarter matures. It will also be interesting to get MRK script numbers and to see how GILD and ABBV numbers are changed - I think there not be much change.

I still think that ENTA can earn ~$1/sh+ in calander '16, but the real issue is how much share the next generation can get world-wide. The market is saying that the earnings are going away sooner than later. Place your bets.