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LLY

Eli Lilly

$85.22

0.56 (0.66%)

15:30
07/24/17
07/24
15:30
07/24/17
15:30

On The Fly: What to watch in Eli Lilly earnings report

Eli Lilly (LLY) is scheduled to report results of its second fiscal quarter before the market open on Tuesday, July 25, with a conference call scheduled for 9:00 am EDT. What to watch for: 1. COMPANY BACKS EPS, REVENUE GROWTH VIEW. Along with its first quarter financial report, the drug giant backed its 2017 EPS view of $4.05-$4.15, and backed its revenue view of $21.8B-$22.3B. Analysts are currently expecting FY17 EPS of $4.12 on revenue of $22.14B. The company's 2017 revenue expectations is based on revenue growth from animal health products and a number of established pharmaceutical products including Trajenta, Forteo and Humalog, as well as higher revenue from new products including Trulicity, Taltz, Basaglar, Cyramza, Jardiance, and Lartruvo. 2. RHEUMATOID ARTHRITIS: According to Lilly's comments in its last quarterly report, the European Commission granted marketing authorization for 4 mg and 2 mg Olumiant or baricitinib, for the treatment of moderate-to-severe active rheumatoid arthritis, or RA, in adult patients who have responded inadequately to, or who are intolerant to, one or more disease-modifying antirheumatic drugs. Lilly added that Olumiant had been launched in select European countries. Eli Lilly says it hasn't contemplated a scenario to not pursue baricitinib in RA. On Eli Lilly's Q1 call, management stated that it has "not contemplated a scenario which we would not pursue baricitinib in rheumatoid arthritis." In terms of the bari timing, the company said it can't give an estimate until they meet with FDA, which "we are hoping we will do within the next 60 days." Furthering these comments and bari's impact on guidance, CEO David Ricks said that guidance for average annual revenue growth of 5% from 2015 through 2020 is "what we believe to be the minimum performance that we thought we could achieve. What we didn't do is provide what we thought was the maximum we could achieve even taking into account the impact of bari, we still believe we could stay above that 5% minimum goal that we've established...So again, our confidence is still very high in our ability to achieve that objective." 3. PATENT PROTECTION LOSS: On April 27, soon after its Q1 results, Argus downgraded Eli Lilly to Hold from Buy. Analysts Katelyn Bayone and John Eade downgraded the stock based on valuation, at the time. They said, at the time that the shares are fairly valued given the challenges faced by the company "including the loss of patent protection on key drugs over the next several years, and the recent late-stage pipeline setbacks for baricitinib, for rheumatoid arthritis, and solanezumab for Alzheimer's." When it reported Q1 earnings, Lilly noted revenue decreases for Cialis, Alimta, Forteo and Humulin.

  • 25

    Jul

  • 11

    Sep

LLY Eli Lilly
$85.22

0.56 (0.66%)

07/17/17
PIPR
07/17/17
NO CHANGE
Target $102
PIPR
Overweight
Eli Lilly's launch in type 2 diabetes 'remarkable,' says Piper Jaffray
Piper Jaffray analyst Richard Purkiss is highlighting the "remarkable growth story" of Eli Lilly's (LLY) once-weekly GLP-1 agonist Trulicity for type 2 diabetes. At its current pace, Trulicity would become market leader in the GLP-1 space in the early part of next year, surpassing Novo Nordisk's (NVO) Victoza, Purkiss tells investors in a research note. He views Lilly's launch as "quite simply unique in the current climate." Lilly remains one of the analyst's top 2017 picks with an Overweight rating and $102 price target.
07/14/17
WELS
07/14/17
NO CHANGE
WELS
Underperform
J&J approval another negative for Valeant, says Wells Fargo
Wells Fargo analyst David Maris says Valeant Pharmaceuticals (VRX) has a new competitor in the psoriasis space after the FDA yesterday approved Tremfya from Johnson & Johnson (JNJ). The news is another negative for Valeant, which is about to launch its own psoriasis treatment, Siliq, in the second half of 2017, Maris tells investors in a research note. With Talz from Eli Lilly (LLY), Humira from AbbVie (ABBV), Cosentyx from Novartis (NVS) and now J&J as a new competitor, Valeant is unlikely to be competitive in the psoriasis market, Maris contends. He believes his peak sales estimate of $250M for Siliq may prove optimistic given the competition. Maris an Underperform rating on Valeant with a $9 price target. The drugmaker closed yesterday at $17.29.
06/27/17
06/27/17
NO CHANGE

Large cap pharma could benefit from upcoming executive order, says Wells Fargo
Wells Fargo says that, based on press reports, large cap pharma could benefit from President Trump's upcoming executive order on drug pricing. The firm says the articles indicate that the order will not create major reforms or do anything to lower consumers' costs or solve current pricing issues. Publicly traded companies in the space include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY).
06/14/17
RHCO
06/14/17
NO CHANGE
RHCO
Eli Lilly has positive read through from J&J data, says SunTrust
SunTrust analyst John Boris says that data for Johnson & Johnson's (JNJ) Invokana for diabetes represented a best-case scenario for Eli Lilly (LLY). J&J's drug "significantly reduced the combined risk of cardiovascular death, myocardial infarction and nonfatal stroke in diabetes patients at risk for or with a history of CV diseases," and its efficacy on CV death is positive for the SGLT-2 class, to which Eli Lilly's Jardiance also belongs, according to the analyst. But the data leaves Jardiance, which reduced CV death by a statistically significant 38% versus Invokana's non-significant 13%, as the best in the class, wrote the analyst, who reiterates a $101 price target and a Buy rating on Eli Lilly.

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HBAN

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UBS

$17.90

0.035 (0.20%)

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MiMedx

$11.99

-0.26 (-2.12%)

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CE

Celanese

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