Zoetis (ZTS) Tops Q1 EPS by 6c, Beats on Revenues; Offers FY18 EPS/Revenue Guidance

Zoetis (NYSE: ZTS) reported Q1 EPS of $0.75, $0.06 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.35 billion.

• Reports Revenue of $1.4 Billion, Growing 11%, and Net Income of $352 Million, or $0.72 per Diluted Share, Growing 48% and 50%, respectively, on a Reported Basis for First Quarter 2018
• Reports Adjusted Net Income of $365 Million, or Adjusted Diluted EPS of $0.75, for First Quarter 2018
• Delivers 7% Operational Growth in Revenue and 34% Operational Growth in Adjusted Net Income for First Quarter 2018
• Reaffirms Full Year 2018 Revenue Guidance of $5.675 - $5.800 Billion and Diluted EPS of $2.77 - $2.93 on a Reported Basis, or $2.96 - $3.10 on an Adjusted Basis

GUIDANCE:

Zoetis sees FY2018 EPS of $2.96-$3.10, versus the consensus of $3.05. Zoetis sees FY2018 revenue of $5.675-5.8 billion, versus the consensus of $5.74 billion.

For earnings history and earnings-related data on Zoetis (ZTS) click here.

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