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Pfizer (PFE) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Pfizer (PFE - Free Report) closed at $36.46, marking a -0.52% move from the previous day. This change lagged the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Heading into today, shares of the drugmaker had lost 4.48% over the past month, lagging the Medical sector's gain of 2.95% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from Pfizer as it approaches its next earnings release, which is expected to be August 1, 2023. In that report, analysts expect Pfizer to post earnings of $0.61 per share. This would mark a year-over-year decline of 70.1%. Our most recent consensus estimate is calling for quarterly revenue of $14.01 billion, down 49.51% from the year-ago period.
PFE's full-year Zacks Consensus Estimates are calling for earnings of $3.35 per share and revenue of $68.1 billion. These results would represent year-over-year changes of -49.09% and -32.13%, respectively.
Any recent changes to analyst estimates for Pfizer should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pfizer currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Pfizer has a Forward P/E ratio of 10.95 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.65.
It is also worth noting that PFE currently has a PEG ratio of 1.22. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Large Cap Pharmaceuticals was holding an average PEG ratio of 1.75 at yesterday's closing price.
The Large Cap Pharmaceuticals industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Pfizer (PFE) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Pfizer (PFE - Free Report) closed at $36.46, marking a -0.52% move from the previous day. This change lagged the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Heading into today, shares of the drugmaker had lost 4.48% over the past month, lagging the Medical sector's gain of 2.95% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from Pfizer as it approaches its next earnings release, which is expected to be August 1, 2023. In that report, analysts expect Pfizer to post earnings of $0.61 per share. This would mark a year-over-year decline of 70.1%. Our most recent consensus estimate is calling for quarterly revenue of $14.01 billion, down 49.51% from the year-ago period.
PFE's full-year Zacks Consensus Estimates are calling for earnings of $3.35 per share and revenue of $68.1 billion. These results would represent year-over-year changes of -49.09% and -32.13%, respectively.
Any recent changes to analyst estimates for Pfizer should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pfizer currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Pfizer has a Forward P/E ratio of 10.95 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.65.
It is also worth noting that PFE currently has a PEG ratio of 1.22. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Large Cap Pharmaceuticals was holding an average PEG ratio of 1.75 at yesterday's closing price.
The Large Cap Pharmaceuticals industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.