Zoetis Q2 Adjusted EPS $1.41 Beats $1.32 Estimate, Sales $2.18M Miss $2.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Zoetis (NYSE:ZTS) reported Q2 earnings of $1.41 per share, beating the analyst consensus estimate of $1.32 by 6.82%. This is a 17.5% increase from the same period last year. However, the company's quarterly sales of $2.18 million missed the analyst consensus estimate of $2.17 billion by 99.90%, a 99.89% decrease from last year.
August 08, 2023 | 11:03 am
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NEGATIVE IMPACT
Zoetis' Q2 earnings beat estimates but sales significantly missed expectations, which could negatively impact the stock price.
While Zoetis' earnings beat estimates, the significant miss in sales could lead to a negative reaction in the stock market. Investors often focus on both earnings and sales, and a miss in one can overshadow a beat in the other.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100