Eli Lilly (LLY) Gains As Market Dips: What You Should Know

Eli Lilly (LLY) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

Eli Lilly (LLY) closed at $248.53 in the latest trading session, marking a +1.8% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.91%. Elsewhere, the Dow lost 0.89%, while the tech-heavy Nasdaq lost 0.12%.

Eli Lilly (LLY) Gains As Market Dips: What You Should Know – Zacks

Coming into today, shares of the drugmaker had lost 5.97% in the past month. In that same time, the Medical sector lost 3.31%, while the S&P 500 gained 1.55%.

Wall Street will be looking for positivity from Eli Lilly as it approaches its next earnings report date. The company is expected to report EPS of $2.37, down 13.82% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.55 billion, up 1.47% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings…

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