Pfizer Earnings: Here’s Why Investors Like These Results

Pfizer Inc. (NYSE:PFE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.71%.

Pfizer Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 9.68% to $0.56 in the quarter versus EPS of $0.62 in the year-earlier quarter.

Revenue: Decreased 13.84% to $12.97 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Pfizer Inc. reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.55. It missed the average revenue estimate of $13.02 billion.

Quoting Management: Ian Read, Chairman and Chief Executive Officer, stated, “I am pleased with our recent accomplishments focused on creating greater value for our shareholders, including the completion of the full disposition of Zoetis, which generated over $17 billion in value as well as the announcement of our new commercial model. This new model represents the next step in Pfizer’s journey to further revitalize our innovative core, enhance the value of our consumer and off-patent established brands and maximize the use of our capital to create value for Pfizer and our patients, consumers and shareholders.”

Key Stats (on next page)…

Revenue decreased 3.9% from $13.5 billion in the previous quarter. EPS increased 3.7% from $0.54 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.56 to a profit $0.55. For the current year, the average estimate has moved down from a profit of $2.23 to a profit of $2.16 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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