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Lilly (LLY) Reports Q1 Earnings: What Key Metrics Have to Say
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Eli Lilly (LLY - Free Report) reported $8.77 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 26%. EPS of $2.58 for the same period compares to $1.62 a year ago.
The reported revenue represents a surprise of -0.47% over the Zacks Consensus Estimate of $8.81 billion. With the consensus EPS estimate being $2.53, the EPS surprise was +1.98%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lilly performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Cyramza (Ramucirumab /IMC-1121B) - US: $107.20 million compared to the $104.81 million average estimate based on four analysts. The reported number represents a change of +6.6% year over year.
Net Sales- International-Humalog [$M]: $200.40 million compared to the $180.28 million average estimate based on four analysts. The reported number represents a change of +5.9% year over year.
Net Sales- International-Forteo [$M]: $39.50 million versus $41.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.6% change.
Net Sales- International-Alimta [$M]: $54.80 million versus $22.60 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +43.8% change.
Net Sales- Cyramza (Ramucirumab /IMC-1121B)- Total: $229.90 million compared to the $234.66 million average estimate based on four analysts. The reported number represents a change of -2.9% year over year.
Net Sales- Humulin [$M]: $206.20 million versus $207.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -18.2% change.
Net Sales- Humalog [$M]: $538.70 million compared to the $390.31 million average estimate based on four analysts. The reported number represents a change of +16.9% year over year.
Net Sales- Forteo [$M]: $61.30 million versus $105.88 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -49.9% change.
Net Sales- Erbitux [$M]: $144.60 million compared to the $134.14 million average estimate based on four analysts. The reported number represents a change of +11.3% year over year.
Net Sales- Alimta [$M]: $69.50 million versus $32.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19.4% change.
Net Sales- Oncology [$M]: $1.81 billion versus $1.78 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +33.5% change.
Net Sales- Neurosciences: $389.10 million versus the four-analyst average estimate of $286.86 million. The reported number represents a year-over-year change of +7.9%.
Shares of Lilly have returned -3.1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Lilly (LLY) Reports Q1 Earnings: What Key Metrics Have to Say
Eli Lilly (LLY - Free Report) reported $8.77 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 26%. EPS of $2.58 for the same period compares to $1.62 a year ago.
The reported revenue represents a surprise of -0.47% over the Zacks Consensus Estimate of $8.81 billion. With the consensus EPS estimate being $2.53, the EPS surprise was +1.98%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lilly performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Cyramza (Ramucirumab /IMC-1121B) - US: $107.20 million compared to the $104.81 million average estimate based on four analysts. The reported number represents a change of +6.6% year over year.
- Net Sales- International-Humalog [$M]: $200.40 million compared to the $180.28 million average estimate based on four analysts. The reported number represents a change of +5.9% year over year.
- Net Sales- International-Forteo [$M]: $39.50 million versus $41.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.6% change.
- Net Sales- International-Alimta [$M]: $54.80 million versus $22.60 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +43.8% change.
- Net Sales- Cyramza (Ramucirumab /IMC-1121B)- Total: $229.90 million compared to the $234.66 million average estimate based on four analysts. The reported number represents a change of -2.9% year over year.
- Net Sales- Humulin [$M]: $206.20 million versus $207.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -18.2% change.
- Net Sales- Humalog [$M]: $538.70 million compared to the $390.31 million average estimate based on four analysts. The reported number represents a change of +16.9% year over year.
- Net Sales- Forteo [$M]: $61.30 million versus $105.88 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -49.9% change.
- Net Sales- Erbitux [$M]: $144.60 million compared to the $134.14 million average estimate based on four analysts. The reported number represents a change of +11.3% year over year.
- Net Sales- Alimta [$M]: $69.50 million versus $32.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19.4% change.
- Net Sales- Oncology [$M]: $1.81 billion versus $1.78 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +33.5% change.
- Net Sales- Neurosciences: $389.10 million versus the four-analyst average estimate of $286.86 million. The reported number represents a year-over-year change of +7.9%.
View all Key Company Metrics for Lilly here>>>Shares of Lilly have returned -3.1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.