Zoetis Forecasts 2024 Revenue Of $9.075B-$9.225B (Operational Growth Of 7%-9%) Versus Consensus Of $9.21B
Portfolio Pulse from Benzinga Newsdesk
Zoetis projects its 2024 revenue to be between $9.075 billion and $9.225 billion, indicating an operational growth of 7% to 9%, compared to the consensus estimate of $9.21 billion.

February 13, 2024 | 12:05 pm
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Zoetis anticipates 2024 revenue to range from $9.075 billion to $9.225 billion, with an operational growth rate of 7% to 9%, slightly below the consensus estimate of $9.21 billion.
Zoetis's revenue forecast for 2024 is closely aligned with market expectations, indicating a solid growth trajectory but slightly below consensus estimates. This alignment suggests a neutral short-term impact on the stock price, as the forecasted growth is already anticipated by the market. The slight miss from consensus might cause some initial disappointment, but the overall strong growth projection should mitigate any negative sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100