Moderna misses in Q4, stock does what it’s done for nearly 8 months straight: goes down
Moderna’s main revenue driver, the COVID-19 vaccine, is bringing in a fraction of what it used to.
Moderna shares slipped in early trading after the vaccine maker missed Wall Street estimates.
Moderna reported a $2.91 loss per share, compared to the $2.68 loss per share analysts polled by FactSet were expecting. It reported about $1 billion in sales, above the $943 million analysts expected. Its profits were impacted by an unexpected $238 million charge for a canceled manufacturing contract during the quarter.
Moderna and Pfizer were given government contracts to quickly produce a COVID-19 vaccine in 2020. But Moderna’s portfolio is less diverse than Pfizer’s, and the COVID-19 vaccine remains its top revenue driver even as demand dwindles.
Moderna said last month that it expects to post between $1.5 billion and $2.5 billion of revenue in 2025, compared with the nearly $3 billion analysts expected prior to the guidance.
Moderna’s stock got a bump in January after Oracle Chairman Larry Ellison said at a White House presser that artificial intelligence has the potential to make personalized vaccines to detect and prevent cancer. Though not named, the drugmaker happens to be working on exactly that kind of technology.
Growing concern over bird flu has also given investors optimism for Moderna. Last month (prior to President Trump taking office), Moderna was awarded $590 million from the Department of Health and Human Services to help develop a vaccine to protect humans from bird flu. On Thursday, Trump’s pick to run HHS, vaccine skeptic Robert F. Kennedy Jr., was confirmed to run the agency.
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