Zoetis Inc Class A
ZTS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@% | LOCK|L> | LOCK|PZ#Wm%>X |
Zoetis Earnings: Full Force of Heightened Competition on Display; Cutting Our Fair Value Estimate
Zoetis reported second-quarter results with flat top-line growth and earnings down 5% year over year, driven by an 11% decline in US companion animal revenue. Zoetis significantly reduced revenue guidance by 550 basis points at the midpoint and earnings per share by $0.82 at the midpoint.
