Pfizer Inc.’s (NYSE:PFE) is one of the most well-known names in the pharmaceutical sector not just for its medicines and vaccines but also for its consumer healthcare products. This New York-based company is well known for products like Prevnar, Lyrica, Lipitor and Celebrex among others.
However, like many of its peers, PFE is facing generic competition and pricing pressure for several products. Other than that lost alliance revenues, supply shortages in legacy Hospira products, pricing pressure and rising competition are hurting the top-line.
In this scenario, investor focus remains on late-stage pipeline candidates and their commercial potential and performance of new products apart from the usual top-and bottom-line numbers.
The pharma giant has a fairly decent record of earnings surprises. The company’s earnings surpassed expectations in three of the last four quarters while missing in one, resulting in an average positive surprise of 0.79%.
Currently, PFE has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earning Beat: PFE beat fourth quarter earnings which came in at 62 cents while our consensus called for EPS of 56 cents. Earnings rose 32% year over year.
Revenues Beat: Revenues also expectations. Pfizer posted revenues of $13.70 billion, which beat the Zacks Consensus Estimate of $13.61 billion. Revenues rose 1% from the year-ago quarter on a reported basis. On an operational basis, revenues were flat year over year.
2018 Guidance: Revenues are expected in the range of $53.5 billion to $55.5 billion in 2018. The Zacks Consensus Estimate is pegged at $53.72 billion.
Adjusted earnings per share are expected in the range of $2.90 - $3.00 which was above the Zacks Consensus Estimate of $2.77 per share.
Pre-Market Trading: Shares rose more than 2% in pre-market trading.
Check back later for our full write up on this PFE earnings report later!
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Pfizer, Inc. (PFE): Free Stock Analysis Report
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