Myriad Genetics Inc

MYGN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$78.10	Mlrhb	Ghrctykq

No-Moat Myriad Reports Weak Q3 Results; Management Updates 2022 Guidance

Karen Andersen ,

Nov 2, 2022

No-moat Myriad Genetics reported a weak third quarter, with sales declining 2% year-over-year, driven by macroeconomic headwinds and sales declining in almost all areas of the company's portfolio except for GeneSight. We have made adjustments to our near-term assumptions that reflect the current macroeconomic environment, volume, and product mix, bringing down our fair value estimate to $18.50 per share from $21.50. Given the market's negative reaction to Myriad's third-quarter results, shares still appear slightly undervalued.

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