Eli Lilly stock has fallen in the days following the release of its latest earnings numbers.
Lilly (LLY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Eli Lilly's NYSE: LLY market isn't out of the weeds yet but will rebound strongly in 2025. The Q3 results failed to spark a rally because of underperformance, but the salient details are that growth is robust, driving impressive profits, and is expected to accelerate in 2025.
Explore Lilly's (LLY) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
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Eli Lilly (NYSE: LLY), one of the U.S.'s foremost pharmaceutical giants, faced a sharp 8% drop in its stock price after reporting disappointing third-quarter results, erasing nearly $70 billion from its market value.
Size means little in light of this company's prospects.
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The market overreacted to Lilly's Q3 earnings miss and full-year guidance cut.
Bank of America has stuck by Eli Lilly and Co (NYSE:LLY) despite underwhelming sales of its weight loss and diabetes products Zepbound and Mounjaro in the third quarter. Reiterating a ‘buy' rating, Bank of America noted it remained “positive” on Eli “on weakening manufacturing headwinds and acceleration of on-demand activities”.
Sales of Zepbound and Mounjaro both missed Wall Street estimates by significant margin.
Eli Lilly stock (NYSE: LLY) fell over 6% on Wednesday, October 30, after it posted downbeat results. The company reported revenue of $11.4 billion and adjusted earnings of $1.18 per share, well below the consensus estimates of $12.1 billion and $1.45, respectively.