Is An Earnings Beat In The Cards For Merck Stock?

Category: Finance

Merck is set to report Q2 2024 results on July 30, expecting revenue of $15.9 billion and adjusted earnings of $2.20, driven by strong sales of Keytruda and Gardasil. Despite recent stock gains, MRK has underperformed the S&P 500 in 2021 and 2023. The company faces challenges from generic competition but remains optimistic about growth in Keytruda and Gardasil, particularly in China. Valuation estimates suggest MRK is appropriately priced at $135 per share.

Keywords: Merck, Q2 2024 results, Keytruda

Source: Forbes

Update At: 7/30/2024

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