NYSE$ZTS
Zoetis · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported revenue of $2.1 billion, growing 5%, and net income of $529 million, or $1.12 per diluted share, increasing 3% and 5%, respectively.
Zoetis reported a strong second quarter with revenue of $2.1 billion, a 5% increase compared to the previous year. Net income was $529 million, or $1.12 per diluted share, representing a 3% and 5% increase, respectively.
- Revenue reached $2.1 billion, a 5% increase, with net income at $529 million, up 3%.
- Operational revenue growth was 8%, and adjusted net income grew by 9%.
- Adjusted net income stood at $567 million, with adjusted diluted EPS of $1.20.
- Full-year revenue guidance updated to $8.225 - $8.325 billion, with reported diluted EPS of $4.65 to $4.75, or adjusted diluted EPS of $4.97 to $5.05.
Headline financials
Revenue & EPS history
Zoetis · Revenue · Quarterly
$2.05B
Revenue by segment
Zoetis · $2.05B total across 3 segments · Q2 2022
- Companion Animal$1.37B+11.1%66.6%
- Livestock$668M-4.4%32.6%
- Contract Mfg & Human Health$18M-10.0%0.9%
Forward guidance
Zoetis is updating its full year 2022 guidance due to the positive outlook for the remainder of the year, as well as the negative impact of recent changes to foreign exchange rates. Revenue between $8.225 billion to $8.325 billion, Reported diluted EPS between $4.65 to $4.75 and Adjusted diluted EPS between $4.97 to $5.05.
Tailwinds
- Revenue between $8.225 billion to $8.325 billion
- Operational growth 9.5% to 10.5%
- Adjusted cost of sales as a percentage of revenue 29.0% - 29.5%
- Adjusted SG&A expenses $2,065 to $2,100
- Adjusted R&D expenses $545 to $555
Headwinds
- Adjusted interest expense and other (income)/deductions-net Approximately $230
- Effective tax rate on adjusted income Approximately 20%
- Adjusted diluted EPS $4.97 to $5.05
- Adjusted net income $2,350 to $2,390
- Operational growth 11% to 13%
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 2022
+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
| Quarter | Report date | Reaction (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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