MRK
$60.23
Merck &
($.90)
(1.47%)

Earnings History

Earnings
Revenue
Reaction
Drift
In-line Guidance
FY 2012
2/2/2012
7:00:14 AM
$3.75 to $3.85
-0.5%
-2.0%
Guidance:
Consensus:
Merck Guides In-line

Merck & Co., Inc. said it expects 2012 earnings of $3.75 to $3.85 per share. The current consensus earnings estimate is $3.83 per share for the year ending December 31, 2012.
Reaffirms
FY 2012
3/6/2012
8:00:06 AM
$3.75 to $3.85
$3.82
-2.6%
0.8%
Guidance:
Consensus:
Merck Reaffirms

Merck & Co., Inc. said it continues to expect 2012 earnings of $3.75 to $3.85 per share. The current consensus earnings estimate is $3.82 per share for the year ending December 31, 2012.
Reaffirms
FY 2012
7/27/2012
7:00:09 AM
$3.75 to $3.85
$3.83
4.1%
0.9%
Guidance:
Consensus:
Merck Reaffirms

Merck & Co., Inc. said it continues to expect 2012 earnings of $3.75 to $3.85 per share. The current consensus earnings estimate is $3.83 per share for the year ending December 31, 2012.
Narows Guidance
FY 2012
10/26/2012
7:00:07 AM
$3.78 to $3.82
$3.81
-0.3%
0.5%
Guidance:
Consensus:
Merck Narrows Guidance

Merck & Co., Inc. said it now expects 2012 earnings of $3.78 to $3.82 per share. The company's previous guidance was earnings of $3.75 to $3.85 per share and the current consensus earnings estimate is $3.81 per share for the year ending December 31, 2012.
In-line Guidance
FY 2013
2/1/2013
7:00:08 AM
$3.60 to $3.70
-3.3%
-2.5%
Guidance:
Consensus:
Merck Provides 2013 Guidance

Merck & Co., Inc. said it expects 2013 earnings of $3.60 to $3.70 per share. The current consensus earnings estimate is $3.70 per share for the year ending December 31, 2013.
Q1 Below/FY In-line
FY 2013
2/13/2013
9:00:04 AM
$3.60 to $3.70
$3.66
-0.7%
2.6%
Guidance:
Consensus:
Merck Sees First Quarter Below Estimates; Reaffirms for the Year

Merck & Co., Inc. said it expects first quarter earnings of $0.76 to $0.78 per share. The current consensus earnings estimate is $0.86 per share for the quarter ending March 31, 2013. However, the company said it continues to expect 2013 earnings of $3.60 to $3.70 per share. The current consensus earnings estimate is $3.66 per share for the year ending December 31, 2013.
Lowers Guidance
FY 2013
5/1/2013
7:09:32 AM
$3.45 to $3.55
$3.64
-2.8%
0.4%
Guidance:
Consensus:
Merck Lowers Guidance

Merck & Co., Inc. said it now expects 2013 earnings of $3.45 to $3.55 per share. The company's previous guidance was earnings of $3.60 to $3.70 per share and the current consensus earnings estimate is $3.64 per share on revenue of $46.31 billion for the year ending December 31, 2013.
Reaffirms
FY 2013
7/30/2013
7:00:13 AM
$3.45 to $3.55
$3.48
-0.6%
0.3%
Guidance:
Consensus:
Merck Reaffirms

Merck & Co., Inc. said it continues to expect 2013 earnings of $3.45 to $3.55 per share. The current consensus earnings estimate is $3.48 per share for the year ending December 31, 2013.
Reaffirms
FY 2013
10/1/2013
7:30:01 AM
$3.45 to $3.55
$3.49
2.4%
-2.4%
Guidance:
Consensus:
Merck Reaffirms

Merck & Co., Inc. said it continues to expect 2013 earnings of $3.45 to $3.55 per share. The current consensus earnings estimate is $3.49 per share for the year ending December 31, 2013.
Narows Guidance
FY 2013
10/28/2013
7:00:12 AM
$3.48 to $3.52
$3.48
-2.6%
0.3%
Guidance:
Consensus:
Merck Narrows Guidance

Merck & Co., Inc. said it now expects 2013 earnings of $3.48 to $3.52 per share. The company's previous guidance was earnings of $3.45 to $3.55 per share and the current consensus earnings estimate is $3.48 per share for the year ending December 31, 2013.
In-line Guidance
FY 2014
2/5/2014
7:00:16 AM
$3.35 to $3.53
0.0%
1.3%
Guidance:
Consensus:
Merck Guides In-line

Merck & Co., Inc. said it expects 2014 earnings of $3.35 to $3.53 per share. The current consensus earnings estimate is $3.51 per share for the year ending December 31, 2014.
Reaffirms
FY 2014
4/29/2014
7:02:44 AM
$3.35 to $3.53
$3.47
3.6%
-0.7%
Guidance:
Consensus:
Merck Reaffirms

Merck & Co., Inc. said it continues to expect 2014 earnings of $3.35 to $3.53 per share. The current consensus earnings estimate is $3.47 per share for the year ending December 31, 2014.
Narrows Guidance
FY 2014
7/29/2014
6:56:04 AM
$2.43 to $3.53
$42.4 bil to $43.2 bil
$3.49
$42.57 bil
1.1%
-4.7%
Guidance:
Consensus:
Merck Narrows Guidance

Merck & Co., Inc. said it now expects 2014 earnings of $2.43 to $3.53 per share and continues to expect revenue of $42.4 billion to $43.2 billion. The company's previous guidance was earnings of $3.35 to $3.53 per share and the current consensus earnings estimate is $3.49 per share on revenue of $42.57 billion for the year ending December 31, 2014.
In-line Guidance
FY 2014
10/27/2014
7:01:34 AM
$3.46 to $3.50
$42.4 bil to $42.8 bil
$3.48
$42.59 bil
-2.0%
3.0%
Guidance:
Consensus:
Merck Guides In-line

Merck & Co., Inc. said it expects 2014 earnings of $3.46 to $3.50 per share on revenue of $42.4 billion to $42.8 billion. The current consensus earnings estimate is $3.48 per share on revenue of $42.59 billion for the year ending December 31, 2014.
EPS & Revenue Below Estimates
FY 2015
2/4/2015
7:02:10 AM
$3.32 to $3.47
-3.2%
-2.1%
Guidance:
Consensus:
Merck Guides Below Estimates

Merck & Co., Inc. said it expects 2015 earnings of $3.32 to $3.47 per share on revenue of $38.3 billion to $39.8 billion. The current consensus earnings estimate is $3.54 per share on revenue of $40.49 billion for the year ending December 31, 2015.
Revises Guidance
FY 2015
4/28/2015
7:00:11 AM
$3.35 to $3.48
$38.3 bil to $39.8 bil
$3.39
$39.20 bil
5.0%
0.4%
Guidance:
Consensus:
Merck Revises Earnings Guidance

Merck & Co., Inc. said it expects 2015 earnings of $3.35 to $3.48 per share and continues to expect revenue of $38.3 billion to $39.8 billion. The company's previous guidance was earnings of $3.32 to $3.47 per share and the current consensus earnings estimate is $3.39 per share on revenue of $39.20 billion for the year ending December 31, 2015.
EPS Above Estimates
FY 2015
7/28/2015
7:00:06 AM
$3.45 to $3.55
$38.6 bil to $39.8 bil
$3.44
$39.68 bil
0.9%
3.9%
Guidance:
Consensus:
Merck Raises Guidance

Merck & Co., Inc. said it expects 2015 earnings of $3.45 to $3.55 per share on revenue of $38.6 billion to $39.8 billion. The company's previous guidance was earnings of $3.35 to $3.48 per share and the current consensus earnings estimate is $3.44 per share on revenue of $39.68 billion for the year ending December 31, 2015.
EPS Above Estimates
FY 2015
10/27/2015
6:45:02 AM
$3.55 to $3.60
$39.2 bil to $39.8 bil
$3.50
$39.67 bil
1.1%
2.5%
Guidance:
Consensus:
Merck Raises Earnings Guidance

Merck & Co., Inc. said it expects 2015 earnings of $3.55 to $3.60 per share on revenue of $39.2 billion to $39.8 billion. The company's previous guidance was earnings of $3.45 to $3.55 per share on revenue of $38.6 billion to $39.8 billion and the current consensus earnings estimate is $3.50 per share on revenue of $39.67 billion for the year ending December 31, 2015.
EPS In-line/Revenue Below
FY 2016
2/3/2016
6:45:05 AM
$3.60 to $3.75
-0.7%
-0.2%
Guidance:
Consensus:
Merck Guides Earnings In-line; Revenue Below Estimates

Merck & Co., Inc. said it expects 2016 earnings of $3.60 to $3.75 per share on revenue of $38.7 billion to $40.2 billion. The current consensus earnings estimate is $3.74 per share on revenue of $40.29 billion for the year ending December 31, 2016.
Raises Guidance In-line with Estimates
FY 2016
5/5/2016
6:45:04 AM
$3.65 to $3.77
$39.0 bil to $40.2 bil
$3.71
$39.86 bil
-1.3%
-0.3%
Guidance:
Consensus:
Merck Raises Guidance, but Remains In-line with Estimates

Merck & Co., Inc. said it expects 2016 earnings of $3.65 to $3.77 per share on revenue of $39.0 billion to $40.2 billion. The company's previous guidance was earnings of $3.60 to $3.75 per share on revenue of $38.7 billion to $40.2 billion and the current consensus earnings estimate is $3.71 per share on revenue of $39.86 billion for the year ending December 31, 2016.
Narrows Guidance
FY 2016
7/29/2016
6:45:04 AM
$3.67 to $3.77
$3.91 bil to $40.1 bil
$3.72
$39.54 bil
0.4%
8.2%
Guidance:
Consensus:
Merck Narrows Guidance

Merck & Co., Inc. said it expects 2016 earnings of $3.67 to $3.77 per share on revenue of $3.91 billion to $40.1 billion. The company's previous guidance was earnings of $3.65 to $3.77 per share on revenue of $39.0 billion to $40.2 billion and the current consensus earnings estimate is $3.72 per share on revenue of $39.54 billion for the year ending December 31, 2016.
EPS In-line/Revenue Above
FY 2016
10/25/2016
6:45:02 AM
$3.71 to $3.78
$39.70 bil to $40.20 bil
$3.74
$39.63 bil
2.0%
-1.6%
Guidance:
Consensus:
Merck Raises Guidance, but Earnings Remain In-line with Estimates

Merck & Co., Inc. said it expects 2016 earnings of $3.71 to $3.78 per share on revenue of $39.70 billion to $40.20 billion. The company's previous guidance was earnings of $3.67 to $3.77 per share on revenue of $39.10 billion to $40.10 billion and the current consensus earnings estimate is $3.74 per share on revenue of $39.63 billion for the year ending December 31, 2016.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
2/2/2012
7:00:14 AM
Dec '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.97
$12.3 Bil
$0.97
$0.95
$12.5 Bil
-
-1.9%
8.1%
1.7%
0.8%
-2.0%
4/27/2012
7:00:06 AM
Mar '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$0.99
$11.7 Bil
$0.99
$0.97
$11.8 Bil
-
-0.6%
6.4%
1.3%
0.9%
0.1%
7/27/2012
7:00:09 AM
Jun '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$1.05
$12.3 Bil
$1.03
$1.01
$12.2 Bil
1.9%
0.9%
9.4%
1.3%
1.0%
0.9%
10/26/2012
7:00:07 AM
Sep '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.95
$11.5 Bil
$0.96
$0.93
$11.6 Bil
-1.0%
-1.0%
0.8%
-4.4%
-1.1%
0.5%
2/1/2013
7:00:08 AM
Dec '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.83
$11.7 Bil
-
$0.81
$11.5 Bil
2.5%
2.4%
-14.9%
-4.5%
-2.3%
-2.5%
5/1/2013
7:09:32 AM
Mar '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.85
$10.7 Bil
$0.80
$0.78
$11.1 Bil
6.2%
-4.0%
-15.1%
-9.0%
-4.7%
0.4%
7/30/2013
7:00:13 AM
Jun '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.84
$11.0 Bil
-
$0.82
$11.3 Bil
2.4%
-2.3%
-21.6%
-10.6%
-0.1%
0.3%
10/28/2013
7:00:12 AM
Sep '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.92
$11.0 Bil
-
$0.88
$11.2 Bil
4.5%
-1.5%
-6.9%
-4.0%
-2.1%
0.3%
2/5/2014
7:00:16 AM
Dec '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.88
$11.3 Bil
-
$0.89
$11.4 Bil
-1.1%
-0.4%
2.6%
-3.6%
1.4%
1.3%
4/29/2014
7:02:44 AM
Mar '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.88
$10.3 Bil
-
$0.79
$10.5 Bil
11.4%
-1.9%
0.6%
-3.8%
1.4%
-0.7%
7/29/2014
6:56:04 AM
Jun '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.85
$10.9 Bil
-
$0.81
-
4.9%
-
-1.5%
-0.7%
1.5%
-4.7%
10/27/2014
7:01:34 AM
Sep '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.90
$10.6 Bil
-
$0.88
$10.7 Bil
2.3%
-1.1%
-4.1%
-4.3%
-0.7%
3.0%
2/4/2015
7:02:10 AM
Dec '14
Q4 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.87
$10.5 Bil
-
$0.85
$10.5 Bil
2.4%
0.0%
-3.7%
-7.4%
-1.7%
-2.1%
4/28/2015
7:00:11 AM
Mar '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.85
$9.4 Bil
-
$0.75
$9.0 Bil
13.3%
4.8%
-6.7%
-8.2%
5.5%
0.4%
7/28/2015
7:00:06 AM
Jun '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.86
$9.8 Bil
-
$0.80
$9.8 Bil
7.5%
-0.2%
-2.1%
-10.5%
-0.8%
3.9%
10/27/2015
6:45:02 AM
Sep '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$0.96
$10.1 Bil
$0.94
$0.91
$10.1 Bil
2.1%
-0.1%
3.9%
-4.6%
1.6%
2.5%
2/3/2016
6:45:05 AM
Dec '15
Q4 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.93
$10.2 Bil
$0.94
$0.91
$10.4 Bil
-1.1%
-1.5%
4.2%
-2.5%
-1.6%
-0.2%
5/5/2016
6:45:04 AM
Mar '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.89
$9.3 Bil
$0.87
$0.85
$9.5 Bil
2.3%
-1.7%
2.7%
-1.2%
-1.0%
-0.3%
7/29/2016
6:45:04 AM
Jun '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.93
$9.8 Bil
$0.94
$0.92
$9.8 Bil
-1.1%
0.6%
6.0%
0.6%
1.0%
8.2%
10/25/2016
6:45:02 AM
Sep '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$1.07
$10.5 Bil
$1.01
$0.98
$10.2 Bil
5.9%
3.3%
9.9%
4.6%
-0.8%
-1.6%
EPS
Rev
-
-
-
$0.90
$10.2 Bil
-
-
-3.2%
0.0%
EPS
Rev
-
-
-
$0.93
$9.7 Bil
-
-
4.5%
3.6%
2/3/2011
$32.90
$3.42
$45.99 Bil
-
-
-
2/2/2012
$38.44
$3.77
$48.05 Bil
10.2%
4.5%
16.8%
2/1/2013
$41.83
$3.82
$47.27 Bil
1.3%
-1.6%
8.8%
2/5/2014
$53.53
$3.49
$44.03 Bil
-8.6%
-6.8%
28.0%
2/4/2015
$59.05
$3.49
$42.24 Bil
0.0%
-4.1%
10.3%
2/3/2016
$50.05
$3.59
$39.50 Bil
2.9%
-6.5%
-15.2%
2/3/2017
$60.23
$3.76
$39.85 Bil
4.7%
0.9%
20.3%
2/3/2018
$54.55
$3.90
$40.01 Bil
3.7%
0.4%
-9.4%
2/3/2019
-
$4.19
-
7.4%
-
-

Price Projection

Current Value
$51
-16%
Projected Price
$55
-9%