Zoetis (NYSE:ZTS) reported its Q2 earnings results on Thursday, August 4, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Zoetis missed estimated earnings by 1.64%, reporting an EPS of $1.2 versus an estimate of $1.22.
Revenue was up $104.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 1.31% drop in the share price the next day.
Here’s a look at Zoetis’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.23 | 0.96 | 1.10 | 1.08 |
| EPS Actual | 1.32 | 1 | 1.25 | 1.19 |
| Revenue Estimate | 1.98B | 1.93B | 1.93B | 1.82B |
| Revenue Actual | 1.99B | 1.97B | 1.99B | 1.95B |
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 2022, expecting earnings between $4.97 and $5.05 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.
