Johnson & Johnson (NYSE:JNJ) reported first-quarter results on Tuesday that beat Wall Street expectations for revenue, driven by solid growth across its pharmaceutical and medical technology businesses. The healthcare conglomerate posted revenue of $24.06 billion for the quarter, up 9.9% from a year earlier and above analysts' estimates of $23.61 billion.
Johnson & Johnson (JNJ) came out with quarterly earnings of $2.7 per share, beating the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $2.77 per share a year ago.
The healthcare giant saw sales of medications, which include Darzalex and Tremfya, increase 11% in the first three months of the year
JNJ edges out LLY in a tight pharma showdown, backed by stronger valuation and stock performance despite Lilly's explosive GLP-1-driven growth.
Johnson & Johnson stock is up 17% YTD and over 60% in the past twelve months, reflecting renewed investor confidence but also raising concerns about the sustainability of the rally. In this update on J&J - my first in nearly two years – I'll provide a brief preview of the first-quarter earnings report expected on Tuesday. More importantly, however, I will provide an update on JNJ's drug pipeline and growth prospects.
JNJ approaches Q1 results with strong drug growth and MedTech momentum. However, rising biosimilar competition and pricing pressures cloud the outlook.
Johnson & Johnson (JNJ) closed at $241.3 in the latest trading session, marking a +1.21% move from the prior day.
Johnson & Johnson earns a Buy rating, driven by the FDA approval of its Tecvayli and Darzalex Faspro combination for R/R multiple myeloma, delivering best-in-class efficacy. This combination therapy achieved an 83.4% 36-month progression-free survival rate, significantly outperforming the control arm and expanding JNJ's addressable market. JNJ's oncology pipeline, especially in hematology, is positioned to offset Stelara's LOE, targeting $50B in oncology sales and $125B total revenue by 2030.
JNJ's MedTech unit rides cardiovascular strength and new product adoption, but China headwinds loom ahead of its Q1 earnings release.
Johnson & Johnson (JNJ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Recently, Zacks.com users have been paying close attention to Johnson & Johnson (JNJ). This makes it worthwhile to examine what the stock has in store.
Markets have delivered plenty of twists lately, with inflation cooling but growth uneven and volatility still lurking around every earnings corner.