5 Must-Watch Quarterly Reports

In this article, we discuss the 5 must-watch quarterly reports. If you want to read our detailed analysis of these companies, go directly to the 10 Must-Watch Quarterly Reports.

5. Zoetis Inc. (NYSE:ZTS)

Number of Hedge Fund Holders: 58

Zoetis Inc. (NYSE:ZTS) recently came into the limelight after announcing better-than-expected profit and sales for the third quarter. The global animal health company reported adjusted earnings of $1.25 per share, up from $1.10 per share in the same period last year. Analysts were looking for earnings of $1.11 per share.

In addition, revenue for the quarter rose 11 percent on a year-over-year basis to $2 billion, beating the consensus forecast of $1.93 billion. Revenue from the U.S. segment increased 7 percent versus last year to $1.065 billion. In comparison, the international segment generated revenue of $904 million, up 18 percent from the same period last year.

Zoetis Inc. (NYSE:ZTS) also raised its financial outlook for 2021. It now expects adjusted earnings in the range of $4.62 – $4.67 per share and revenue between $7.625 billion – $7.7 billion for the full year.

Speaking on the results, CEO Kristin Peck said:

“We delivered strong results again this quarter with 10% operational growth for both revenue and adjusted net income, driven by our innovative portfolio of petcare parasiticides, including Simparica Trio^®, as well as dermatology products.”