Eli Lilly And Co LLY will announce its fourth-quarter 2024 monetary outcomes and 2025 monetary steerage on February 6. As per information from Benzinga Professional, the Wall Road estimates gross sales of $13.7 billion, with adjusted EPS of $4.94.
In January, simply earlier than the JP Morgan healthcare convention, Eli Lilly introduced that it expects 2024 full-year worldwide income to be roughly $45.0 billion, representing a 32% progress in comparison with the earlier yr versus the consensus of $45.50 billion.
The corporate’s anticipated 2024 income is $400 million, or about 3%, under the steerage vary issued in the course of the third-quarter earnings. The steerage contains roughly $3.5 billion for Mounjaro and $1.9 billion for Zepbound.
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Analysts are monitoring Eli Lilly’s anticipated enhance in gross sales and revenue within the first full quarter, throughout which its weight-loss medication ceased to be in scarcity.
In October 2024, the FDA decided that Eli Lilly’s tirzepatide injection scarcity had been resolved.
The U.S. pharma big reported third-quarter income of $11.44 billion, up 20% yr over yr, however it missed the consensus of $12.10 billion. Mounjaro gross sales greater than doubled to $3.11 billion from $1.41 billion a yr in the past.
Gross sales of Verzenio (a breast most cancers drug) elevated 32% to $1.37 billion, and gross sales of diabetes drug Jardiance fell 2% to $686.4 million.
Zepbound gross sales reached $1.26 billion. Trulicity gross sales fell 22% to $1.30 billion.
Rival Novo Nordisk A/S NVO inventory is buying and selling increased. On Wednesday, the corporate reported gross sales of roughly $12.25 billion (85.68 billion Danish kroner) for the fourth quarter of 2024, beating the consensus of $11.34 billion (79.73 billion Danish Kroner).
GLP-1 diabetes gross sales elevated by 12%, and Weight problems care gross sales elevated by 91%.
Ozempic gross sales elevated 12% to 33.85 billion Danish kroner, and Wegovy gross sales greater than doubled to 19.87 billion Danish kroner.
In line with Reuters, traders and analysts count on Eli Lilly to stipulate its technique for selling Zepbound this yr because it goals to compete with Wegovy, a extra established drug.
Zepbound holds a bit over 50% of the market, based on IQVIA information cited by an analyst. Eli Lilly started promoting the drug in November.
Value Motion: LLY inventory is up 2.19% at $843.59 on the final examine on Wednesday.
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