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Merck Beat Consensus Revenue and EPS Estimates in Q4

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Nov. 20 2020, Updated 4:48 p.m. ET

Performance in fiscal 2018

On February 1, Merck (MRK) issued a press release announcing its financial results for the fourth quarter and fiscal 2018.

In the fourth quarter, Merck reported total revenues of $11.0 billion, a rise of 5% YoY (year-over-year) on a reported basis, despite a 3% negative revenue impact attributable to foreign currency fluctuations. The company reported total revenues of $42.29 billion in fiscal 2018—a rise of 5% YoY. Merck beat the consensus revenue estimates in the fourth quarter and fiscal 2018. Read Can Merck Impress Markets with Q4 2018 Results? to learn more.

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In the fourth quarter, Merck reported a non-GAAP EPS of $1.04—a rise of 6% YoY. The company reported a non-GAAP diluted EPS of $4.34 in fiscal 2018—a rise of 9% YoY. Merck beat the consensus EPS estimates in the fourth quarter and fiscal 2018. To learn more about Merck’s consensus EPS estimates, read A Look at Merck’s EPS and Expense Estimates for Q4 2018.

Merck has risen 1.64% compared to its previous closing price. Merck is trading at $75.89 in the pre-market trading session on February 1.

Analysts’ expectations and Merck’s guidance

Analysts expect Merck to report revenues of $44.53 billion in fiscal 2019. According to Merck’s fourth-quarter earnings press release, the company expects its fiscal 2019 revenues to fall by $43.2 billion–$44.7 billion despite a 1% negative impact due to currency fluctuations.

Analysts also expect Merck to report a non-GAAP EPS of $4.68 in fiscal 2019. According to Merck’s fourth-quarter earnings press release, the company expects its fiscal 2019 adjusted diluted EPS to fall by $4.57–$4.72.

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