Why did LNTH outperform forecasts in 2024?

Lantheus Holdings (LNTH) outperformed forecasts in 2024 due to several key factors:

1. **Strong Revenue Growth**: Lantheus reported a significant increase in revenue, with a year-over-year growth rate of 10.5% in Q4, surpassing market expectations. The full-year revenue reached $1.534 billion, reflecting a robust sales performance.
2. **Earnings Per Share (EPS) Beat**: The company's adjusted EPS for Q4 was $1.59, exceeding the consensus estimate of $1.55. This indicates efficient management and a strong profitability trend.
3. **Net Income Recovery**: Despite a decline in net income to $312 million, the company showed a significant recovery from a net loss in the previous year, which contributed to positive market sentiment.
4. **Positive Outlook and Strategic Moves**: Lantheus' optimistic forecast for 2025, with projected revenue between $1.545 billion and $1.61 billion, and expected adjusted EPS of $7.00 to $7.20, further bolstered investor confidence. Strategic deals aimed at diversifying its portfolio also underscore the company's commitment to growth.
5. **Market Sentiment and Investor Confidence**: The company's strong financial performance, coupled with positive corporate updates and share repurchase programs, has likely contributed to increased investor confidence, driving the stock's surge in value.

In summary, Lantheus Holdings' outperformance in 2024 can be attributed to its strong revenue growth, earnings beat, positive outlook, strategic moves, and favorable market sentiment. These factors combined to create a compelling narrative for investors, leading to a surge in the company's stock price.