PREVIEW: Merck expected to report Q1 EPS, revenue increase
** Merck & Co MRK.N shares up 0.2% ahead of quarterly report due out before market open on Thursday
** Wall St sees MRK reporting adj. EPS of $1.88 vs $1.40 year-ago on revenue of $15.196, which would be up ~4.9% y/y, according to the latest data from LSEG
** In last 8 quarters MRK beat consensus estimate for EPS and revenue every time
** In early February Merck reported Q4 results that beat expectations on strong sales of its cancer immunotherapy Keytruda - the world's top-selling prescription medicine - but said it was in the market for acquisitions as Keytruda ages
** YTD shares in MRK up ~17% vs a ~3% gain for the S&P 500 health index .SPXHC and a ~2% increase for the Dow Industrial average .DJI
** MRK last traded at $127.26 vs median PT of $139, according to LSEG, which shows 27 total analyst ratings; 8 'strong buy,' 16 'buy' and 3 'hold' ratings
(Reporting By Sinéad Carew)
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