Filing Flows › Zoetis (ZTS) › Guidance history
Zoetis (ZTS) guidance history: what it guided and what it reported
Zoetis gave guidance in 12 earnings releases on file since Feb 13, 2024. Of 4 guided periods since reported, it met or beat its own guidance 4 times (100%). Revenue: 2 of 2, on average +0.2% against the guided midpoint. Its releases raised guidance 4 times and lowered it once.
Revenue
Met or beat 2 of 2 periods (0 above, 2 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $9.7B–$10.0B (May 7, 2026) → lowered $9.1B–$9.3B (Aug 6, 2026) → raised $9.2B–$9.3B (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $9.2B–$9.4B (Feb 13, 2025) → raised $9.4B–$9.6B (May 6, 2025) → raised $9.4B–$9.6B (Aug 5, 2025) → lowered $9.4B–$9.5B (Nov 4, 2025) | $9.5B | within the range | +0.3% |
| FY2024 | $9.1B–$9.2B (Feb 13, 2024) → lowered $9.1B–$9.2B (May 2, 2024) → raised $9.1B–$9.2B (Aug 6, 2024) → raised $9.2B–$9.3B (Nov 4, 2024) | $9.3B | within the range | +0.1% |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $3.0B–$3.0B (Feb 12, 2026) → lowered $2.9B–$3.0B (May 7, 2026) → lowered $2.6B–$2.6B (Aug 6, 2026) → raised $2.6B–$2.6B (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $2.7B–$2.8B (Feb 13, 2025) → raised $2.8B–$2.8B (May 6, 2025) → raised $2.8B–$2.9B (Aug 5, 2025) → lowered $2.8B–$2.8B (Nov 4, 2025) | — | — | — |
| FY2024 | $2.6B–$2.7B (Feb 13, 2024) → lowered $2.6B–$2.7B (May 2, 2024) → raised $2.6B–$2.7B (Aug 6, 2024) → raised $2.7B–$2.7B (Nov 4, 2024) | — | — | — |
Tax rate
Met or beat 2 of 2 periods (0 above, 2 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 20.5% (Feb 12, 2026) → reaffirmed 20.5% (May 7, 2026) → reaffirmed 20.5% (Aug 6, 2026) → lowered 20.0% (Nov 5, 2026) | — | to be reported | — |
| FY2025 | 21.0% (Feb 13, 2025) → reaffirmed 21.0% (May 6, 2025) → reaffirmed 21.0% (Aug 5, 2025) → lowered 20.5% (Nov 4, 2025) | 20.4% | within the range | -0.1 pts |
| FY2024 | 20.0%–21.0% (Feb 13, 2024) → reaffirmed 20.0%–21.0% (May 2, 2024) → lowered 20.0%–20.5% (Aug 6, 2024) → reaffirmed 20.0%–20.5% (Nov 4, 2024) | 20.3% | within the range | +0.1 pts |
GAAP EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $6.65–$6.75 (Feb 12, 2026) | — | to be reported | — |
| FY2025 | $5.70–$5.80 (Feb 13, 2025) | — | — | — |
| FY2024 | $5.34–$5.44 (Feb 13, 2024) → reaffirmed $5.34–$5.44 (May 2, 2024) → reaffirmed $5.35–$5.45 (Aug 6, 2024) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $7.00–$7.10 (Feb 12, 2026) → lowered $6.85–$7.00 (May 7, 2026) → lowered $6.15–$6.25 (Aug 6, 2026) → raised $6.25–$6.35 (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $6.00–$6.10 (Feb 13, 2025) → raised $6.20–$6.30 (May 6, 2025) → raised $6.30–$6.40 (Aug 5, 2025) → reaffirmed $6.30–$6.40 (Nov 4, 2025) | — | — | — |
| FY2024 | $5.74–$5.84 (Feb 13, 2024) → lowered $5.71–$5.81 (May 2, 2024) → raised $5.78–$5.88 (Aug 6, 2024) → raised $5.86–$5.92 (Nov 4, 2024) | — | — | — |
The latest quarter
Zoetis, Q3 2026: revenue $2.4B (-1% year over year), operating margin 30.5%, net earnings $591M, operating cash flow $824M. The chart follows the revenue to costs, profit and cash.
Questions
Does Zoetis beat its guidance?
Zoetis gave guidance in 12 earnings releases on file since Feb 13, 2024. Of 4 guided periods since reported, it met or beat its own guidance 4 times (100%). Revenue: 2 of 2, on average +0.2% against the guided midpoint.
How often does Zoetis raise guidance?
Its earnings releases raised guidance 4 times and lowered it once since Feb 13, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.