Eli Lilly is about to release its financial report, what is the market focusing on?
CNBC
1h ago
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Eli Lilly is expected to announce its third-quarter revenue and profits on Thursday. Analysts predict earnings per share of $6.26 and revenue of $22.61 billion. Investors will also be watching the sales performance of its weight-loss drug Foundayo, as well as the company's mergers and acquisitions in an environment of low net selling prices.
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Eli Lilly is expected to announce its third-quarter revenue and profits on Thursday, and the performance is likely to be driven by its best-selling weight loss drug Zepbound as well as its diabetes medication Mounjaro.

According to the survey of analysts by LSEG, the current expectations on Wall Street are as follows:

  • Earnings per share: Estimated at $6.26
  • Revenues: Estimated at $22.61 billion

However, investors will also be closely watching the listing progress of the company's weight loss drug Foundayo. This drug entered the market in April. Estimates from StreetAccount suggest that analysts predict sales for this drug to be around $229 million.

Lilly's substantial profits in the fields of diabetes and weight loss, as well as its leading position compared to its main competitor Novo Nordisk, seem to show no signs of slowing down, despite the company facing lower net selling prices in the US market. This pharmaceutical giant is transforming these historic profits into a series of large-scale transactions: it reached an agreement to acquire a psychedelic drug manufacturer in July and announced plans to acquire three vaccine manufacturers in May.

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