Posted 4/2/2024, 9:45:18 PM
Eli Lilly Stock Rises While Broader Markets Fall Ahead of Expected Strong Q1 Earnings Growth
- Eli Lilly (LLY) stock rose 0.45% while broader markets fell on latest trading day
- LLY slated to report Q1 2023 earnings on April 30; expected to show strong 61% EPS growth year-over-year
- Full-year 2023 earnings and revenue also forecasted to grow substantially at 97% and 21% respectively
- LLY currently rated a Zacks Rank #3 (Hold) stock with a premium forward P/E ratio
- LLY's pharmaceuticals industry ranks in bottom 14% of all Zacks industries based on average Zacks Rank