Viatris Inc
VTRS: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$51.00 | Hwfyw | Rqmsjdfkp |
Viatris Earnings: Slightly Disappointing Quarter Doesn’t Alter Our Favorable Long-Term Outlook
No-moat Viatris reported first-quarter earnings that came in a tad below our expectations. Total sales of $3.6 billion were down 1.8% year over year, or up 2% on divestiture-adjusted basis, and profitability slipped on weaker gross margin and higher expenses. We maintain our fair value estimate of $13 per share as minor adjustments to our model were offset by time value of money impacts.