Wall Street analysts forecast that Zoetis (ZTS) will report quarterly earnings of $1.40 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $2.37 billion, exhibiting an increase of 2.1% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Zoetis metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenues- Contract Manufacturing & Human Health' to come in at $22.20 million. The estimate suggests a change of +5.7% year over year.
The consensus among analysts is that 'Revenues- Companion Animal' will reach $1.64 billion. The estimate indicates a change of +4.2% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Livestock' at $705.38 million. The estimate points to a change of -2.8% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Livestock- Swine' should arrive at $113.48 million. The estimate indicates a change of -11.3% from the prior-year quarter.
Analysts predict that the 'Revenues- Livestock- Cattle' will reach $401.85 million. The estimate points to a change of +0.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Livestock- Fish' will likely reach $67.91 million. The estimate points to a change of +4.5% from the year-ago quarter.
Analysts' assessment points toward 'Geographic Revenues- U.S.' reaching $1.27 billion. The estimate indicates a year-over-year change of +1.3%.
The consensus estimate for 'Geographic Revenues- International Revenue' stands at $1.06 billion. The estimate indicates a year-over-year change of +2%.
Analysts forecast 'Geographic Revenues- International- Livestock' to reach $472.71 million. The estimate points to a change of -0.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Geographic Revenues- International- Companion Animal' should come in at $585.56 million. The estimate suggests a change of +4.2% year over year.
It is projected by analysts that the 'Geographic Revenues- U.S.- Livestock' will reach $241.27 million. The estimate points to a change of -3.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenues- U.S.- Companion Animal' of $1.04 billion. The estimate points to a change of +3% from the year-ago quarter.
View all Key Company Metrics for Zoetis here>>>
Over the past month, shares of Zoetis have returned +0.2% versus the Zacks S&P 500 composite's -0.2% change. Currently, ZTS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Zoetis Inc. (ZTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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