Zoetis (NYSE:ZTS) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Zoetis beat estimated earnings by 3.97%, reporting an EPS of $1.31 versus an estimate of $1.26.
Revenue was up $14.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 1.82% increase in the share price the next day.
Here’s a look at Zoetis’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.05 | 1.25 | 1.22 | 1.23 |
| EPS Actual | 1.15 | 1.21 | 1.20 | 1.32 |
| Revenue Estimate | 2.01B | 2.09B | 2.04B | 1.98B |
| Revenue Actual | 2.04B | 2.00B | 2.05B | 1.99B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Zoetis management provided guidance for FY 2023, expecting earnings between $5.34 and $5.44 per share.
To track all earnings releases for Zoetis visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
