Myriad Posts Solid 4Q, but Middling Guidance for Fiscal 2018; FVE Raised Slightly
Myriad Genetics reported solid results for the fourth quarter of fiscal 2017, demonstrating growth in nascent business segments and leading to us to maintain our narrow moat rating and raise our fair value estimate to $24 per share due to time value of money and faster growth in newer segments. Revenue of $771 million and GAAP EPS of $0.32 exceeded our already bullish expectations. However, the quarter was marred by tepid guidance for 2018.In fiscal 2017, Myriad was a company in transition, as...
Myriad Genetics is a precision medicine company acting as a trusted advisor to transform patient lives through molecular diagnostics. The company's molecular diagnostic tests include: myRisk? Hereditary Cancer for assessing the risks for hereditary cancers; BRACAnalysis? for assessing the risk of developing breast and ovarian cancer; riskScore? that improves the company's myRisk Hereditary Cancer test; GeneSight? to support psychotropic drug selection for depressed patients; Vectra?DA for assessing the disease activity of rheumatoid arthritis; and Prolaris? for assessing the aggressiveness of prostate cancer. The company also provides pharmaceutical and clinical services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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