Zoetis Revises FY23 Revenue Guidance To $8.5B-$8.65B Vs. Consensus Of $8.63B And Prior Guidance Of $8.575B-$8.725B, It Forecasts Adjusted EPS Of $5.37-$5.47 Vs. Consensus Of $5.4 And Prior Guidance Of $5.34-$5.44
Portfolio Pulse from Benzinga Newsdesk
Zoetis has revised its FY23 revenue guidance to $8.5B-$8.65B, slightly lower than the consensus of $8.63B and its prior guidance of $8.575B-$8.725B. The company also forecasts an adjusted EPS of $5.37-$5.47, which is in line with the consensus of $5.4 and slightly higher than its prior guidance of $5.34-$5.44.
August 08, 2023 | 11:31 am
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Zoetis has lowered its FY23 revenue guidance, which may negatively impact investor sentiment. However, its adjusted EPS forecast is in line with consensus, which could mitigate some of the negative impact.
Zoetis' revised FY23 revenue guidance is slightly lower than the consensus and its prior guidance, which could lead to negative investor sentiment and a potential decrease in its stock price. However, its adjusted EPS forecast is in line with the consensus and slightly higher than its prior guidance, which could offset some of the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100