Myriad Genetics Inc

MYGN: XNAS (USA)

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Myriad Genetics Provides Solid Q1 Results; Keeping Our Fair Value Estimate at $21.50

Karen Andersen ,

May 6, 2022

No-moat Myriad Genetics saw an 11% increase in revenue year over year even with an estimated $7 million-$9 million negative impact on revenue as a result of access restraints and staffing challenges from COVID-19. We are maintaining our fair value estimate of $21.50 per share, which is close to the current share price. Even with test volume and revenue declining from hereditary cancer testing, overall revenue growth was driven by stable and growing test volume from Myriad’s prenatal, tumor, and mental health tests and 1% year-over-year growth in average selling price.

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Myriad Genetics Inc

Myriad Genetics Provides Solid Q1 Results; Keeping Our Fair Value Estimate at $21.50

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