
The animal health company outperformed the S&P 500 in the latest session as analysts forecast lower earnings and revenue for its coming report.
Zoetis shares rose 2.37% to $74.81 in the latest session, outpacing the S&P 500’s 0.6% gain. The Dow added 0.83%, while the Nasdaq rose 0.64%.
The animal health company plans to announce earnings on November 5. Zacks consensus estimates forecast quarterly earnings of $1.52 per share and revenue of $2.31 billion, down 10.59% and 3.66%, respectively, from the same quarter a year earlier.
For the full year, consensus estimates call for earnings of $6.20 per share and revenue of $9.24 billion. Those figures represent projected declines of 3.28% and 2.45% from the preceding year.
This article was produced with the help of AI technology. Source: Yahoo Finance