Zoetis closed with a slight increase, but underperformed the market

From Nasdaq: 2024-09-13 18:15:08

Zoetis (ZTS) closed at $191.09, a +0.2% change from the previous day, trailing S&P 500. Analysts project EPS of $1.46 and revenue of $2.29 billion in upcoming earnings report. Changes in analyst estimates impact short-term stock prices, with Zoetis currently holding a Zacks Rank of #3 (Hold).

Zoetis’ Forward P/E ratio is 32.73, higher than the industry average of 15.27. The PEG ratio stands at 2.93, reflecting earnings growth. The Medical – Drugs industry, part of the Medical sector, ranks in the top 34% of industries. Zacks Industry Rank evaluates industry strength based on individual stock rankings.

Zacks names #1 semiconductor stock poised for growth amidst increasing demand for AI, machine learning, IoT. Global semiconductor manufacturing expected to reach $803 billion by 2028. This stock has significant potential for growth compared to NVIDIA. For more information, visit Zacks.com.



Read more at Nasdaq: Zoetis (ZTS) Rises Yet Lags Behind Market: Some Facts Worth Knowing