Current Eli Lilly Stock Price
Date | Price | Change |
---|---|---|
March 8, 2023 | $345.67 | +1.23% |
Eli Lilly’s Performance in Recent Years
Eli Lilly and Company (NYSE: LLY) has consistently performed well in recent years, delivering strong financial results and outperforming the broader market.
- Revenue Growth: Lilly’s revenue has grown steadily, from $24.5 billion in 2019 to $28.3 billion in 2022.
- Earnings Growth: Lilly’s earnings per share (EPS) have also grown significantly, from $6.56 in 2019 to $8.56 in 2022.
- Dividend Growth: Lilly has increased its dividend payout each year since 2010, with a dividend yield currently at 1.35%.
Factors Influencing Eli Lilly’s Stock Price
Several factors influence the movement of Eli Lilly’s stock price, including:
Positive Factors
- Strong Pipeline: Lilly has a robust pipeline of new drugs and therapies, with several promising candidates in late-stage development.
- Market Share Growth: Lilly has gained market share in key therapeutic areas, such as diabetes and oncology.
- Favourable Reimbursement Environment: Lilly benefits from a favourable reimbursement environment for its innovative drugs.
Negative Factors
- Patent Expirations: Lilly faces some patent expirations in the coming years, which could impact its revenue stream.
- Competitive Landscape: The pharmaceutical industry is highly competitive, with several major players targeting the same therapeutic areas.
- Healthcare Reforms: Changes in healthcare policy could affect Lilly’s pricing and reimbursement dynamics.
Industry Analysis
The global pharmaceutical industry is expected to continue growing in the coming years, driven by factors such as:
- Aging Population: The world’s population is aging, leading to increased demand for healthcare products.
- Technological Advancements: The development of new technologies, such as gene therapy and personalized medicine, is creating new opportunities for pharmaceutical companies.
- Emerging Markets: Emerging markets are becoming increasingly important for pharmaceutical companies, as they offer significant growth potential.
Future Prospects for Eli Lilly
Analysts expect Eli Lilly to continue performing well in the coming years. The company’s strong pipeline, market share growth, and favourable reimbursement environment position it for continued success.
Lilly is also investing heavily in research and development, with a focus on innovative new therapies that address unmet medical needs. This investment is expected to fuel the company’s growth in the future.
Tips for Investors
- Consider a Long-Term Perspective: Eli Lilly is a well-established pharmaceutical company with a strong track record of performance. Investors should consider holding the stock for the long term.
- Monitor Lilly’s Pipeline: Lilly’s pipeline of new drugs and therapies is a key driver of its future growth. Investors should follow the progress of these candidates closely.
- Evaluate the Competitive Landscape: The pharmaceutical industry is highly competitive. Investors should stay informed about the competitive threats that Lilly faces.
- Seek Professional Advice: Consider consulting with a financial advisor to determine if Eli Lilly’s stock is a suitable investment for your portfolio.
Conclusion
Eli Lilly is a leading pharmaceutical company with a strong track record of performance. The company has a robust pipeline of new drugs and therapies, a favourable reimbursement environment, and a commitment to innovation. While the company faces some challenges, such as patent expirations and competitive pressures, analysts expect Lilly to continue performing well in the coming years. Investors should consider a long-term perspective when evaluating Eli Lilly’s stock.
Tables
Eli Lilly’s Financial Performance
Year | Revenue | EPS |
---|---|---|
2019 | $24.5 billion | $6.56 |
2020 | $28.3 billion | $7.56 |
2021 | $29.8 billion | $8.26 |
2022 | $31.4 billion | $8.56 |
Eli Lilly’s Pipeline
Drug | Indication | Phase |
---|---|---|
Tanezumab | Osteoarthritis pain | Phase 3 |
Mirikizumab | Ulcerative colitis | Phase 3 |
LY3410627 | Alzheimer’s disease | Phase 2/3 |
LY3547458 | Diabetes | Phase 2 |
Eli Lilly’s Competitors
Company | Revenue | Market Share |
---|---|---|
Pfizer | $81.3 billion | 11.2% |
Roche | $64.9 billion | 9.1% |
Johnson & Johnson | $57.2 billion | 8.0% |
Merck & Co. | $50.8 billion | 7.2% |