BeOne Medicines (ONC) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $3.28
- Estimate
- $1.88
- Surprise
- +74.3%
- Revenue (period 2026-09-30)
- $1.89B
- Score at report (before → after)
- 6.7 → 6.4/10
Revenue source: xbrl.
How the report landed
BeOne Medicines (ONC) beat the $1.88 estimate with adjusted EPS of $3.28 — a large 74.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.7/10) to Hold at 6.4/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ONC Hold at 6.5/10.
3 of the last 4 quarters beat the estimate; this quarter's +74.3% surprise compares with a +47.0% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.7 in RISK_OFF)
- Sector modifier (Healthcare): +0.5
What argues against it
- Concentration risk — Product: BRUKINSA
- Analyst target reached - limited upside remaining
- Near 52-week high (-0.7% away)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $407.71
- Entry target
- $393.55
- Stop
- $366.00
The stock trades at 49.6× trailing but 37.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — shown for context, not personalized investment advice.
ONC at TrendMatrix's latest read
Healthcare earnings trade on pipeline and payer dynamics as much as the quarter itself; a beat or miss is weighed against trial and reimbursement news.
- Industry
- Biotechnology
- Market cap
- $44.06B
- P/E (fwd)
- 37.1
- P/E (ttm)
- 49.6
- 52-week range
- $253.95–$405.00
- Off 52-week high
- -0.7%
- RSI (14)
- 66
- Volume vs avg
- 1.11×
- Score today
- 6.5/10