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Merck (MRK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Merck (MRK - Free Report) reported $15.96 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.7%. EPS of $2.13 for the same period compares to $1.85 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $15.38 billion, representing a surprise of +3.80%. The company delivered an EPS surprise of +9.79%, with the consensus EPS estimate being $1.94.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Merck performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Hospital Acute Care- Bridion- U.S: $265 million versus $270.44 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
Product sales- Other revenues - International: $199 million versus the four-analyst average estimate of $184.17 million.
Sales- Keytruda- U.S: $3.80 billion versus the four-analyst average estimate of $3.79 billion. The reported number represents a year-over-year change of +13.9%.
Sales- Hospital Acute Care- Bridion - International: $159 million versus the four-analyst average estimate of $171.14 million. The reported number represents a year-over-year change of -16.3%.
Sales- Alliance Revenue- Lynparza: $299 million versus $318.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
Sales- Bridion: $424 million compared to the $441.58 million average estimate based on four analysts. The reported number represents a change of +0.2% year over year.
Segment revenues- Animal health: $1.40 billion compared to the $1.42 billion average estimate based on four analysts. The reported number represents a change of +2.1% year over year.
Sales- Simponi: $179 million versus the four-analyst average estimate of $157.68 million. The reported number represents a year-over-year change of +3.5%.
Sales- RotaTeq: $156 million compared to the $240.45 million average estimate based on four analysts. The reported number represents a change of -39.1% year over year.
Sales- ProQuar/M-M-R II/Varivax: $713 million compared to the $686.04 million average estimate based on four analysts. The reported number represents a change of +6.7% year over year.
Sales- Pneumovax: $140 million versus the four-analyst average estimate of $88.48 million. The reported number represents a year-over-year change of +6.9%.
Sales- Isentress: $119 million versus $92.67 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -26.1% change.
Shares of Merck have returned -0.3% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Merck (MRK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Merck (MRK - Free Report) reported $15.96 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.7%. EPS of $2.13 for the same period compares to $1.85 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $15.38 billion, representing a surprise of +3.80%. The company delivered an EPS surprise of +9.79%, with the consensus EPS estimate being $1.94.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Merck performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Hospital Acute Care- Bridion- U.S: $265 million versus $270.44 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Product sales- Other revenues - International: $199 million versus the four-analyst average estimate of $184.17 million.
- Sales- Keytruda- U.S: $3.80 billion versus the four-analyst average estimate of $3.79 billion. The reported number represents a year-over-year change of +13.9%.
- Sales- Hospital Acute Care- Bridion - International: $159 million versus the four-analyst average estimate of $171.14 million. The reported number represents a year-over-year change of -16.3%.
- Sales- Alliance Revenue- Lynparza: $299 million versus $318.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Sales- Bridion: $424 million compared to the $441.58 million average estimate based on four analysts. The reported number represents a change of +0.2% year over year.
- Segment revenues- Animal health: $1.40 billion compared to the $1.42 billion average estimate based on four analysts. The reported number represents a change of +2.1% year over year.
- Sales- Simponi: $179 million versus the four-analyst average estimate of $157.68 million. The reported number represents a year-over-year change of +3.5%.
- Sales- RotaTeq: $156 million compared to the $240.45 million average estimate based on four analysts. The reported number represents a change of -39.1% year over year.
- Sales- ProQuar/M-M-R II/Varivax: $713 million compared to the $686.04 million average estimate based on four analysts. The reported number represents a change of +6.7% year over year.
- Sales- Pneumovax: $140 million versus the four-analyst average estimate of $88.48 million. The reported number represents a year-over-year change of +6.9%.
- Sales- Isentress: $119 million versus $92.67 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -26.1% change.
View all Key Company Metrics for Merck here>>>Shares of Merck have returned -0.3% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.