Zoetis Earns 91 Cents per Share

This morning, Zoetis (ZTS) reported Q4 earnings of 91 cents per share. That topped Wall Street’s estimate of 87 cents per share. Quarterly net revenue rose by 8% to 1.8 billion. For the full year, Zoetis made $3.85 per share.

“In 2020, Zoetis delivered another year of strong growth and market leadership thanks to our diverse and durable portfolio, our commitment to continuous innovation and the essential nature of our business,” said Kristin Peck, Chief Executive Officer of Zoetis. “We grew revenue 9% operationally, which is once again above market growth in a competitive, global sector. We also grew our adjusted net income faster than revenue, at 10% operationally.”

“Looking forward, we believe this momentum sets us up for a strong 2021, even amidst ongoing COVID-19 uncertainty. We expect to continue growing revenue faster than the market in 2021 driven by continued strength in petcare; ongoing expansion in markets outside the U.S., most notably China; and acceleration of our diagnostics portfolio penetration. As a result, we are guiding to full-year operational growth of 9% to 11% in revenue,” said Peck.

For 2021, Zoetis sees revenue between $7.40 billion and $7.55 billion, and EPS between $4.36 and $4.46. Wall Street had been expecting earnings of $4.26 per share on revenues of $7.11 billion. Shares of ZTS are up about 1.5% in premarket trading.

Posted by on February 16th, 2021 at 7:49 am


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