Zoetis (ZTS) Tops Q4 EPS by 3c, Beats on Revenues; Offers FY18 EPS Mid-Point Outlook Above Consensus, FY18 Revenue Guidance Above Consensus
Zoetis (NYSE: ZTS) reported Q4 EPS of $0.69, $0.03 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.4 billion.
- For Fourth Quarter 2017, Zoetis Reports Revenue of $1.5 Billion, and Net Income of $81 Million, or $0.16 per Diluted Share, on a Reported Basis
- Reports Adjusted Net Income of $341 Million, or Adjusted Diluted EPS of $0.69, for Fourth Quarter 2017
- Delivers 13% Operational Growth in Revenue and 37% Operational Growth in Adjusted Net Income for Fourth Quarter 2017
- For Full Year 2017, Zoetis Reports Revenue of $5.3 Billion and Net Income of $864 Million, or $1.75 per Diluted Share, on a Reported Basis
- Reports Adjusted Net Income of $1.185 Billion, or Adjusted Diluted EPS of $2.40, for Full Year 2017
- Delivers 8% Operational Growth in Revenue and 21% Operational Growth in Adjusted Net Income for Full Year 2017
- Company Records One-Time Provisional Net Tax Charge of $212 Million Related to Recently Enacted Tax Legislation in the U.S.
- Provides Full Year 2018 Revenue Guidance of $5.675 - $5.800 Billion, with 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 $2.98. Zoetis sees FY2018 revenue of $5.675-5.8 billion, versus the consensus of $5.61 billion.
For earnings history and earnings-related data on Zoetis (ZTS) click here.