NYSE$ZTS

Zoetis · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Zoetis reported revenue growth of 8% and net income of $359 million for Q4 2020.

Zoetis reported strong Q4 2020 results, with revenue increasing by 8% to $1.8 billion and net income reaching $359 million. The company's companion animal products, particularly Simparica Trio and key dermatology brands, drove growth in the U.S. International sales also increased, with companion animal products and swine products in China contributing to the positive results. Looking ahead, Zoetis provided full year 2021 revenue guidance of $7.400 - $7.550 Billion, with Diluted EPS of $4.02 - $4.14 on a Reported Basis, or $4.36 - $4.46 on an Adjusted Basis.

  • Revenue for Q4 2020 reached $1.8 billion, an 8% increase compared to Q4 2019.
  • Net income for Q4 2020 was $359 million, or $0.75 per diluted share.
  • U.S. revenue increased by 11%, driven by companion animal products.
  • International revenue increased by 5% on a reported basis and 7% operationally.

Headline financials

Total Revenue

$1.81B

Previous: $1.67B+7.9%
EPS (adj)

$0.91

Previous: $0.92-1.1%
Companion Animal Growth

25.0%

Previous: 18.0%+38.9%
Livestock Growth

-5.0%

Previous: 0.0%
U.S. Revenue Growth

11.0%

Previous: 6.0%+83.3%
International Revenue Growth

7.0%

Previous: 9.0%-22.2%
Capital Expenditures

$152M

Previous: $166M-8.4%
Free Cash Flow

$566M

Previous: $416M+36.1%
Net Income

$359M

Previous: $384M-6.5%
Operating Income

$420M

Previous: $437M-3.9%
Gross Profit

$1.21B

Previous: $1.14B+5.4%
Cash & Equivalents

$3.6B

Previous: $1.93B+86.3%
Total Assets

$13.6B

Previous: $11.5B+17.9%
Stock-Based Comp

$13M

Previous: $16M-18.8%

Revenue & EPS history

Zoetis · Revenue · Quarterly

$1.81B

Q4 2020+7.9%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Zoetis · $1.81B total across 3 segments · Q4 2020

  • Companion Animal
    $978M+24.7%
  • Livestock
    $806M-7.1%
  • Contract Mfg & Human Health
    $23M+4.5%

Forward guidance

Zoetis is providing full year 2021 guidance, which includes: •Revenue between $7.400 billion to $7.550 billion •Reported diluted EPS between $4.02 to $4.14 •Adjusted diluted EPS between $4.36 to $4.46

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 Q4 2020

Historical avgQ4 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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