Zoetis (ZTS - Free Report) reported $2.04 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 3.7%. EPS of $1.15 for the same period compares to $1.00 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of +1.72%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zoetis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenues-U.S.-Livestock: $259 million versus $262.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.5% change.
- Geographic Revenues-U.S.-Companion Animal: $853 million versus the three-analyst average estimate of $813.12 million. The reported number represents a year-over-year change of +11.8%.
- Geographic Revenues-International-Companion Animal: $450 million versus the three-analyst average estimate of $446.62 million. The reported number represents a year-over-year change of +7.4%.
- Geographic Revenues-International-Livestock: $451 million compared to the $460.72 million average estimate based on three analysts. The reported number represents a change of -6.6% year over year.
- Geographic Revenues- International Revenue: $901.30 million compared to the $907.38 million average estimate based on three analysts. The reported number represents a change of -0.1% year over year.
- Revenues-Livestock- Sheep and other: $19 million versus the four-analyst average estimate of $20.29 million. The reported number represents a year-over-year change of -74.3%.
- Revenues-Companion Animal: $1.30 billion compared to the $1.26 billion average estimate based on three analysts. The reported number represents a change of +10.2% year over year.
- Revenue-Contract Manufacturing & Human Health: $27 million versus the three-analyst average estimate of $23.83 million. The reported number represents a year-over-year change of +8%.
- Revenues-Livestock: $710 million versus $722.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.6% change.
View all Key Company Metrics for Zoetis here>>>
Shares of Zoetis have returned +1.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Zoetis (ZTS - Free Report) reported $2.04 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 3.7%. EPS of $1.15 for the same period compares to $1.00 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of +1.72%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zoetis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Zoetis here>>>
Shares of Zoetis have returned +1.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
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