Core Insights - Eli Lilly's Q4 earnings report showed strong performance, with earnings per share at 13.5 billion, surpassing analyst expectations of 13.4 billion in sales [1][2] Financial Performance - Q4 sales increased by 45% year over year, driven by strong demand for GLP-1 drugs Mounjaro and Zepbound, while non-GLP-1 drug sales also grew by 20% [2] - GAAP earnings per share more than doubled to 45 billion [3] Future Outlook - CEO David Ricks described 2024 as "highly successful," with projections for 2025 sales between 61 billion, indicating potential growth of up to 35.5% [4] - Earnings per share for 2025 are expected to range from 23.55, suggesting a strong outlook for continued earnings growth [4][5] - Current stock pricing at approximately 37 times the current year earnings, combined with the potential for doubling earnings annually, supports the argument for Eli Lilly stock as a buy [5]
Why Eli Lilly Stock Popped on Thursday