How To Earn $500 A Month From Pfizer Stock Ahead Of Q4 Earnings Print
Portfolio Pulse from Avi Kapoor
Pfizer Inc. (PFE) is set to release Q4 earnings on Jan. 30, 2024, with expected earnings of 22 cents per share, down from $1.14 year-over-year, and projected revenue of $14.25 billion, down from $24.29 billion. FY24 revenue is forecasted at $58.5-$61.5 billion, including Seagen acquisition impacts, below the consensus of $63.17 billion. Adjusted EPS guidance for FY24 is $2.05-$2.25, including Seagen impacts, below the consensus of $3.17. Pfizer's dividend yield is 6.12%, with a quarterly dividend of 42 cents a share. To earn $500 monthly from dividends, one would need to own 3,571 shares, valued at approximately $98,095. PFE shares fell 1.6% to close at $27.47 on Thursday.
January 26, 2024 | 1:41 pm
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NEGATIVE IMPACT
Pfizer is anticipated to report lower Q4 earnings and revenue compared to the previous year, with FY24 guidance also below consensus. The stock's dividend yield remains attractive at 6.12%, but shares recently dropped by 1.6%.
The expected decrease in both quarterly and annual earnings and revenue suggests potential negative sentiment in the short term, which could lead to a decrease in stock price. However, the high dividend yield may provide some support to the stock price as it attracts income-focused investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100