For its second fiscal quarter (ending June 30), Zoetis Inc (NYSE: ZTS) has reported a -6% decline in E.P.S. from $1.45 a year ago to $1.37 in the current quarter. This performance was $-0.11 short of the consensus estimate of $1.48. E.P.S. were $5.11 for the latest four quarters through June 30 versus $4.76 for the same period a year ago — an increase of 7%.
Recent Price Action
On 8/6/24, Zoetis Inc (NYSE: ZTS) stock enjoyed a very large increase of 6.0%, closing at $185.29. Moreover, trading volume in this advance was unusually high at 167% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.9% during the last week.
Current PriceTarget Research Rating
ZTS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Zoetis has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Zoetis has a slightly negative Power Rating of 36 and a poor Appreciation Score of 23, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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