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Eli Lilly Is An Attractive Buy For 2018 [Seeking Alpha]

ELI LILLY (LLY)  More Company Research Source: Seeking Alpha
Last eli lilly earnings: 11/6 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
PDF Summary The year 2018 has emerged as quite a lucky one for Eli Lilly ( LLY ), as the company has gone ahead to raise its FY 2018 guidance not once but two times in a row. The company now expects revenues in the range of $24.0 - $25.0 billion for FY 2018, while non-GAAP EPS is expected in the range $5.40 - $5.50 (linked above). Newly launched products have been pushing up Eli Lilly’s revenues which demonstrated 9% YoY growth (linked above) in Q2 2018. Non-GAAP operating income and non-GAAP EPS also grew YoY by 28% and 35%, respectively (linked above). In the backdrop of improving financial performance, I believe that this may be an opportune time to pick up Eli Lilly in 2018. I have already explained the various indications of the company’s drugs in my last article . I will avoid repeating all of that information in this article. Here, I will be focusing on changes in the company’s strategy post-Q2 2018 earnings conference call and their impact on the eligibilit [Read more]

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