April Earnings To Watch | ABBV | GILD | PFE | MRK

AbbVie ABBV stock newsApril is more than half way over. However, the most exciting part of the month for many is soon to come! As we move into earnings season, big names in health care are getting set to release their reports. Below are a few earnings reports that I’ll be watching closely and what I expect to see!

AbbVie, Inc. (NYSE: ABBV)

Earnings Report Date – April 23rd

AbbVie is expected to have an outstanding first quarter. Analysts are expecting to see an increase in the company sales of 10% and an increase in net earnings of around 17%. Much of the gains are expected to come from AbbVie’s new drug Humira; which should grow in sales by around 15%. If everything goes as planned, we’re going to see strong uptrends from this one on the 23rd. So, keep your eyes peeled.

Gilead Sciences, Inc. (NASDAQ: GILD)

Earnings Report Date – April 28th

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I wrote in detail about what I’m expecting to see from the GILD earnings report this quarter. To read the post, click here! In short, I’m expecting to see spectacular gains from Gilead Sciences when they release their report. Of the past 8 earnings reports, the company has surpassed expectations 7 times. With a strong hold on the hepatitis C and HIV markets, I’m expecting to see revenue beat the analyst expectations of around $6.8 billion for the quarter.

Pfizer (NYSE: PFE)

Earnings Report Date – April 28th

Pfizer is expected to have a relatively good earnings report as well. Consensus estimates put EPS around $0.50. Knowing that the company beat earnings expectations last quarter and that signs are pointing toward positive news this quarter, I’m expecting to see big trends from this one on the 28th as well.

Merck & Co., Inc. (NYSE: MRK)

Earnings Report Date – April 28th

Merck & Co. is expected to report an EPS around $0.77 per share. The consensus estimates are down from last quarter’s earnings of $0.87 per share, but it will still be well worth watching for the report as strong trends should follow.

What Do You Think?

What are you expecting from the earnings reports listed above? Let us know in the comments below!

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