One key disease-prevention market is drawing closer to being within reach.
The odds of its new drug getting established in the U.K. are now much lower.
As pharmaceutical giant Eli Lilly (LLY) plans to report third-quarter earnings Wednesday morning, analysts are focused on the production and sales of Mounjaro and Zepbound—two popular weight-loss drugs that have boosted the company's results.
Eli Lilly stock (NYSE: LLY) will report its Q3 results on Wednesday, October 30. The pharmaceutical giant is expected to garner $12.1 billion in sales and $1.45 in adjusted earnings per share, per the consensus estimates.
One of these players has split its stock in the past. The other one hasn't.
Eli Lilly expects to start selling its weight-loss drug in Hong Kong as early as the end of this year, Bloomberg News reported on Sunday.
Stanley Druckenmiller's Duquesne Family Office exited its position in Eli Lilly stock last quarter.
These two companies -- leaders in their industries -- look unstoppable.
Beyond analysts' top -and-bottom-line estimates for Lilly (LLY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Lilly (LLY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Eli Lilly and Company has shown rapid growth, driven by its weight loss drugs Mounjaro and Zepbound, with significant revenue increases. Despite impressive growth, I maintain a 'hold' rating due to the stock's high valuation, which I find prohibitive. Analysts expect strong Q3 2024 results, with projected revenue of $12.11 billion and adjusted net income of $1.31 billion.
Investor focus is likely to be on the sales numbers of LLY's tirzepatide medicines Mounjaro and Zepbound.