Earnings reporting season for the second quarter is now well underway. So far, things are looking good. The biotech industry has yet to see any significant earnings representation. That will change this week when at least eight large biopharma firms are scheduled to report second-quarter earnings and revenues.
24/7 Wall St. has put together a preview of some of the larger health care companies that are about to report their quarterly results. We have reviewed the consensus earnings estimates from Thomson Reuters, the stock price and trading history.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change earnings dates as well.
Biogen Inc.’s (NASDAQ: BIIB) second-quarter report is scheduled for Tuesday before the markets open. The consensus estimates are $5.24 in earnings per share (EPS) on $3.26 billion in revenue. The shares ended the week trading at $357.56. The consensus price target is $367.08, and the 52-week trading range is $249.17 to $370.57.
Eli Lilly and Co. (NYSE: LLY) is set to release its most recent quarterly results first thing on Tuesday as well. The consensus forecast calls for $1.30 in EPS and $6.05 billion in revenue for the second quarter. Shares traded on Friday’s close at $88.71. The consensus price target is $92.59, and the 52-week range is $73.69 to $89.37.
Gilead Sciences Inc. (NASDAQ: GILD) will report its most recent quarterly results Wednesday afternoon. The consensus estimates for the second quarter call for EPS of $1.56 and $5.2 billion in revenue. The shares were last seen trading at $76.98, in a 52-week range of $64.27 to $89.54. The consensus price target is $86.00.
The Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) second-quarter report is scheduled for Thursday before the opening bell. The consensus forecast is $1.70 in EPS on $977.89 million in revenue. Shares ended the week at $135.27 apiece. The consensus price target is $158.89, and the 52-week range is $102.10 to $149.34.
Amgen Inc. (NASDAQ: AMGN) is expected to release its most recent quarterly results on Thursday. The consensus forecast calls for $3.54 in EPS and $5.74 billion in revenue for the second quarter. Shares traded on Friday’s close at $190.60. The consensus price target is $196.10, and the 52-week range is $163.31 to $201.23.
Bristol-Myers Squibb Co. (NYSE: BMY) will report its most recent quarterly results Thursday morning. The consensus estimates for the second quarter call for EPS of $0.88 and $5.44 billion in revenue. The shares were last seen trading at $56.77, in a 52-week range of $49.96 to $70.05. The consensus price target is $57.56.
Celgene Corp.’s (NASDAQ: CELG) second-quarter report is scheduled for Thursday before the opening bell. The consensus forecast is $2.10 in EPS on $3.7 billion in revenue. Shares ended the week at $85.12 apiece. The consensus price target is $112.65, and the 52-week range is $74.13 to $147.17.
On Friday, AbbVie Inc. (NYSE: ABBV) is scheduled to reveal its second-quarter results. The consensus estimates are $1.97 in EPS and $8.21 billion in revenue. Shares were trading at $88.14 as the week came to a close. The consensus price target is $113.05. The 52-week range is $69.38 to $125.86.
There will be much more to see this week on the earnings front. Also check out our separate previews for Dow components, top tech leaders and other major companies expected to share their latest quarterly results in the coming days.
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