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Lilly (LLY) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

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In its upcoming report, Eli Lilly (LLY - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $5.38 per share, reflecting a decline of 23.4% compared to the same period last year. Revenues are forecasted to be $22.11 billion, representing a year-over-year increase of 25.6%.

The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

That said, let's delve into the average estimates of some Lilly metrics that Wall Street analysts commonly model and monitor.

The average prediction of analysts places 'Revenue- Cyramza (Ramucirumab /IMC-1121B)- Total' at $202.04 million. The estimate indicates a change of -17.7% from the prior-year quarter.

The consensus estimate for 'Revenue- Humulin' stands at $159.52 million. The estimate indicates a year-over-year change of -9.7%.

The collective assessment of analysts points to an estimated 'Revenue- Jardiance (Empagliflozin/BI 10773)- Total' of $865.61 million. The estimate indicates a year-over-year change of -9.7%.

Analysts forecast 'Revenue- Immunology' to reach $1.54 billion. The estimate indicates a change of +12.8% from the prior-year quarter.

The consensus among analysts is that 'Revenue- Cyramza (Ramucirumab /IMC-1121B)- US' will reach $90.32 million. The estimate indicates a change of -20% from the prior-year quarter.

It is projected by analysts that the 'Revenue- International- Humulin' will reach $51.46 million. The estimate points to a change of -5.8% from the year-ago quarter.

Analysts expect 'Revenue- Trulicity (Dulaglutide / GLP-1 Fc / LY2189265)- US' to come in at $515.15 million. The estimate points to a change of -27.1% from the year-ago quarter.

The combined assessment of analysts suggests that 'Revenue- Trulicity (Dulaglutide / GLP-1 Fc / LY2189265)- ROW' will likely reach $300.54 million. The estimate indicates a change of -12.9% from the prior-year quarter.

Based on the collective assessment of analysts, 'Revenue- Jardiance (Empagliflozin/BI 10773)- US' should arrive at $415.72 million. The estimate points to a change of -2% from the year-ago quarter.

Analysts predict that the 'Revenue- Jardiance (Empagliflozin/BI 10773)- ROW' will reach $449.89 million. The estimate indicates a change of -15.9% from the prior-year quarter.

Analysts' assessment points toward 'Revenue- Olumiant/Baricitinib (LY3009104)/JAK1/JAK2 Inhibitor- US' reaching $66.40 million.

According to the collective judgment of analysts, 'Revenue- Olumiant/Baricitinib (LY3009104)/JAK1/JAK2 Inhibitor- ROW' should come in at $208.07 million. The estimate suggests a change of +2.8% year over year.

View all Key Company Metrics for Lilly here>>>

Shares of Lilly have experienced a change of +7.6% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LLY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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