NYSE$ZTS

Zoetis · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Zoetis reported flat revenue and increased net income for Q2 2020.

Zoetis reported flat revenue of $1.5 billion for the second quarter of 2020, with a net income of $377 million, or $0.79 per diluted share. Adjusted net income was $427 million, or $0.89 per diluted share. The company raised and narrowed its full year 2020 revenue guidance to $6.300 - $6.475 billion and diluted EPS of $3.14 - $3.32 on a reported basis, or $3.52 - $3.68 on an adjusted basis.

  • Flat revenue of $1.5 billion was reported.
  • Net income increased 2% to $377 million, or $0.79 per diluted share.
  • Adjusted net income was $427 million, or $0.89 per diluted share.
  • Operational growth in revenue and adjusted net income was 4%.

Headline financials

Total Revenue

$1.55B

Previous: $1.55B+0.1%
EPS (adj)

$0.89

Previous: $0.90-1.1%
Companion Animal Growth

11.0%

No prior period
Livestock Growth

-10.0%

No prior period
U.S. Revenue Growth

6.0%

No prior period
International Revenue Growth

-5.0%

No prior period
Capital Expenditures

-$184M

Previous: -$166M-10.8%
Free Cash Flow

$193M

Previous: $205M-5.9%
Net Income

$377M

Previous: $371M+1.6%
Operating Income

$518M

Previous: $495M+4.6%
Gross Profit

$1.1B

Previous: $1.08B+1.4%
Cash & Equivalents

$3.35B

Previous: $1.76B+91.1%
Total Assets

$13.1B

Previous: $11B+19.0%
Stock-Based Comp

$16M

Previous: $17M-5.9%

Revenue & EPS history

Zoetis · Revenue · Quarterly

$1.55B

Q2 2020+0.1%vs Q2 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Zoetis · $1.55B total across 3 segments · Q2 2020

  • Companion Animal
    $882M+10.5%
  • Livestock
    $649M-10.4%
  • Contract Mfg & Human Health
    $17M-32.0%

Forward guidance

Zoetis is raising and narrowing its full year 2020 guidance, which includes revenue between $6.300 billion and $6.475 billion, reported diluted EPS between $3.14 and $3.32, and adjusted diluted EPS between $3.52 and $3.68.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.4%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.5%

Avg return

30 days after

55%

32 / 58 earnings

Positive

+8.1%

Q4 2018

Best reaction

-13.7%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%-30.9%-28.5%
Q4 2025-2.4%-2.4%-10.1%
Q3 2025-13.7%-16.7%-16.6%
Q2 2025-3.7%-2.9%+0.9%
Q1 2025-5.3%+0.8%+6.7%
Q4 2024-5.1%-10.0%-7.3%
Q3 2024-3.7%-2.8%-3.6%
Q2 2024+5.7%+6.0%+6.7%
Q1 2024+5.4%+6.3%+7.0%
Q4 2023-6.4%-4.2%-11.6%
Q3 2023+7.1%+10.4%+18.3%
Q2 2023+4.8%+5.6%+3.9%
Q1 2023+4.8%+3.7%-3.3%
Q4 2022+7.3%+5.4%+1.9%
Q3 2022-9.3%-7.6%+6.8%
Q2 2022-3.1%-5.9%-12.9%
Q1 2022-4.3%-8.0%-4.4%
Q4 2021-0.7%-2.6%-1.4%
Q3 2021+2.7%+4.3%+5.8%
Q2 2021-1.4%-2.9%+2.4%
Q1 2021-1.3%-2.1%+0.8%
Q4 2020+1.3%-4.0%-8.6%
Q3 2020-2.9%-6.8%-9.4%
Q2 2020+0.7%-0.5%-0.3%
Q1 2020-5.4%-3.7%+7.4%
Q4 2019+0.8%+0.5%-12.2%
Q3 2019-3.0%-3.5%+0.2%
Q2 2019+7.4%+11.1%+13.8%
Q1 2019+1.9%-0.4%-0.7%
Q4 2018+8.1%+7.5%+9.8%
Q3 2018+2.9%+2.9%+4.1%
Q2 2018+6.5%+7.5%+5.3%
Q1 2018-3.6%-1.5%+2.4%
Q4 2017+7.1%+7.9%+13.6%
Q3 2017+6.5%+6.1%+12.1%
Q2 2017-1.6%-3.4%+4.9%
Q1 2017+7.0%+6.9%+12.4%
Q4 2016-4.8%-3.0%-2.1%
Q3 2016+3.6%+5.8%+3.9%
Q2 2016+3.4%+2.2%+3.1%
Q1 2016+0.2%
Q4 2015+3.4%
Q3 2015+5.2%
Q2 2015+0.3%
Q1 2015-0.2%
Q4 2014+4.3%
Q3 2014+4.1%
Q2 2014-2.8%
Q1 2014+0.4%
Q4 2011+0.1%
Q4 2013-3.7%
Q3 2012-0.5%
Q3 2013-2.1%
Q2 2012-1.4%
Q2 2013-0.0%
Q1 2012+0.9%
Q4 2012+0.9%
Q1 2013+2.2%
Q3 2011
Q2 2011
Q1 2011

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