Zoetis Inc. (ZTS) earnings on May 7, 2026
Prior outlook: Pessimistic Outcome: Accurate
ZTS fell sharply after reporting its quarterly results. The stock dropped about 21% as investors responded negatively to the company's performance.
ZTS price around the earnings
87.37
Change: -21.4%
2026-05-07, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Mixed contexts: strong past earnings, but negative momentum.
While ZTS has a strong history of exceeding earnings expectations, recent analyst actions and negative price momentum suggest caution. The stock has experienced a moderate sell-off, indicating recent weakness and underperformance against the market.
Context analyzed before publication
- Summary
- Mixed contexts: strong past earnings, but negative momentum.
- Reasoning
- While ZTS has a strong history of exceeding earnings expectations, recent analyst actions and negative price momentum suggest a cautious scenario. The stock has experienced a moderate sell-off, indicating recent weakness and underperformance against the market.
- Playbook
- Current momentum is negative. While past earnings are strong, recent price action and analyst target adjustments point to a cautious scenario.
- Trend
- Recent weakness and underperformance shown.
Analysts
Drivers
-
Analysts
Neutral
Analyst actions are mixed, with one firm lowering a price target and another initiating with a positive rating, creating uncertainty.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2
- Analysts covering the stock
- 17
- Average price target
- 148.88
- Lowest price target
- 127
- Highest price target
- 190
- Upside to price target
- 31.4%
- Quarterly earnings growth
- 3.8%
- Revenue growth
- 3%
- Forward EPS
- 7.57
- Trailing EPS
- 6.02
- Analyst moves in the last 60 days
- 2
- Strong buy: 4
- Buy: 8
- Hold: 8
- Sell: 0
- Strong sell: 0
- Strong buy
- 4
- Buy
- 8
- Hold
- 8
- Sell
- 0
- Strong sell
- 0
- April 28, 2026 · UBS: Maintains rating (Neutral → Neutral)
- April 15, 2026 · Citigroup: Initiates coverage (Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (3)
- Live On CNBC, Stephanie Link Announces Bought More Truist Financial; Sold Zoetis — Benzinga
- UBS Maintains Neutral on Zoetis, Lowers Price Target to $130 — Benzinga
- Citigroup Initiates Coverage On Zoetis with Buy Rating, Announces Price Target of $145 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's momentum and relative strength against the S&P 500 are both negative. This indicates a strong pessimistic trend in price action.
Evidence
- Average true range (ATR)
- 2.2%
- Distance to 52-week high
- -34.2%
- 14-day change (14d)
- -7.3%
- 30-day change
- -2.8%
- 30-day relative strength
- -14.8%
- Benchmark change
- +12.0%
- Nearest support
- 111.33
- Nearest resistance
- 123.32
- Volume accumulation ratio
- 1.06
Trends
Evidence
- Average earnings surprise
- +5.5%
- February 12, 2026: actual EPS 1.48 vs estimate 1.4 (surprise +5.5%)
- November 4, 2025: actual EPS 1.7 vs estimate 1.62 (surprise +4.8%)
- August 5, 2025: actual EPS 1.61 vs estimate 1.52 (surprise +5.8%)
- May 6, 2025: actual EPS 1.48 vs estimate 1.4 (surprise +5.8%)
Expected move
Drivers
-
Past earnings
Positive
ZTS has consistently beaten earnings expectations for the last four quarters. The average surprise has been positive, showing strong operational performance.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4.7%
- 75th percentile move
- 5.8%
- 90th percentile move
- 7.6%
- Up / down moves
- 8 / 11
- Average up move
- +4.0%
- Average down move
- -5.3%
Monitoring and close
What Zoetis Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -21.4%
- Max favorable move (MFE)
- 23.3%
- Max adverse move (MAE)
- 0%