Elanco jumps after annual profit forecast tops estimate

Elanco Animal Health Incorporated

05/08/2026 11:57

** Shares of animal-health co Elanco ELAN.N rise 9.8% to $28.1 premarket
** Co raises FY revenue forecast to the range of $5.09 bln - $5.14 bln from its prior range of $5.01 bln - $5.09 bln
** Raises FY adjusted EPS outlook to $1.10 - $1.16, up from its previous outlook of $1.03 - $1.09 and higher than analysts' estimate of $1.09 - data compiled by LSEG 
** Co posts Q2 adjusted EPS of 34 cents and revenue of $1.37 bln, both beating analysts' estimates of 27 cents and $1.31 bln
** 14 of 16 brokerages rate the stock "buy" or higher and two "hold"; median PT is $30
** As of last close, stock up 19.2% YTD

(Reporting by Anand Gopal in Bengaluru)
((anandgopal.r@thomsonreuters.com))