Higher Keytruda Sales To Drive Merck's Q1? [Forbes]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: Forbes
will report its Q1 2024 results on Thursday, April 25. We expect the company to post revenue of $15.2 billion and adjusted earnings of $1.97, slightly ahead of the street estimates. As usual, Keytruda will be the driving growth for Merck with quarterly sales estimated to be around $7 billion, reflecting y-o-y growth in the high teens. Merck's HPV vaccine – Gardasil – is expected to see its sales rise in the mid-teens. Although we expect Merck may post a slight upbeat Q1, we think its stock is appropriately priced at levels of around $130. Our interactive dashboard analysis of has more details on how the company's revenues and earnings will likely trend for the quarter. So, what are some of the trends that are likely to drive Merck's results? Firstly, let us look at Merck's stock performance in recent years. MRK stock has seen strong gains of 55% from levels of $80 in early January 2021 to around $125 now, vs. an increase of about 35% for the S&P 500 over this roughly 3-year period.
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MRK
Earnings
- 4/25/24 - Beat
MRK
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- MRK's page on the SEC website