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Insights Into Zoetis (ZTS) Q3: Wall Street Projections for Key Metrics

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Analysts on Wall Street project that Zoetis (ZTS - Free Report) will announce quarterly earnings of $1.51 per share in its forthcoming report, representing a decline of 11.2% year over year. Revenues are projected to reach $2.3 billion, declining 4.1% from the same quarter last year.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

That said, let's delve into the average estimates of some Zoetis metrics that Wall Street analysts commonly model and monitor.

Analysts predict that the 'Revenues- Companion Animal' will reach $1.51 billion. The estimate suggests a change of -8.9% year over year.

The consensus among analysts is that 'Revenues- Contract Manufacturing & Human Health' will reach $23.61 million. The estimate indicates a change of +2.7% from the prior-year quarter.

Analysts forecast 'Revenues- Livestock' to reach $752.76 million. The estimate suggests a change of +3.8% year over year.

It is projected by analysts that the 'Geographic Revenues- U.S.- Companion Animal' will reach $915.20 million. The estimate indicates a year-over-year change of -14.4%.

Analysts expect 'Geographic Revenues- International- Livestock' to come in at $492.19 million. The estimate indicates a year-over-year change of +4.3%.

Based on the collective assessment of analysts, 'Geographic Revenues- U.S.- Livestock' should arrive at $264.80 million. The estimate indicates a year-over-year change of +4.7%.

Analysts' assessment points toward 'Geographic Revenues- International- Companion Animal' reaching $583.85 million. The estimate points to a change of +0.2% from the year-ago quarter.

The combined assessment of analysts suggests that 'Geographic Revenues- International Revenue' will likely reach $1.11 billion. The estimate indicates a year-over-year change of +4.9%.

The average prediction of analysts places 'Geographic Revenues- U.S.' at $1.17 billion. The estimate indicates a change of -11.6% from the prior-year quarter.

View all Key Company Metrics for Zoetis here>>>

Zoetis shares have witnessed a change of +16.5% in the past month, in contrast to the Zacks S&P 500 composite's -2.3% move. With a Zacks Rank #4 (Sell), ZTS is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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