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Benzinga
110 days

Eli Lilly Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. LLY to report earnings on May 1, expected at $3.46 per share. 2. Projected quarterly revenue is $12.72 billion, up from $8.77 billion. 3. Phase 3 results for diabetes drug orforglipron were recently reported. 4. HSBC downgraded LLY from Buy to Reduce, cutting price target to $700. 5. Wells Fargo increased price target to $1,100, maintaining Overweight rating.

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FAQ

Why Neutral?

The mixed analyst ratings and pending earnings create uncertainty. Historical performance shows earnings beats can drive shares higher but downgrades create downward pressure.

How important is it?

The article provides key information about earnings expectations and analyst opinions, impacting investor sentiment.

Why Short Term?

Earnings report has immediate implications on stock price and sentiment. Analyst upgrades and downgrades influence short-term trading activity.

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