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Pfizer (NYSE:PFE) unveils its next round of earnings this Tuesday, October 29. Get prepared with Benzinga's ultimate preview for Pfizer's Q3 earnings.
Earnings and Revenue
Analysts covering Pfizer modeled for quarterly EPS of 62 cents on revenue of $12.26 billion.
In the same quarter last year, Pfizer posted a profit of 78 cents on sales of $13.30 billion. The analyst consensus estimate would represent a 20.51% decrease in the company's earnings. Revenue would be down 7.81% from the same quarter last year. Here's how the Pfizer's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 0.750 | 0.75 | 0.64 | 0.75 |
| EPS Actual | 0.800 | 0.850 | 0.64 | 0.78 |
Stock Performance
Over the last 52-week period, shares are down 15.3%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Pfizer stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Pfizer is scheduled to hold a conference call at 10:00 a.m. ET and it can be accessed here: https://www.webcaster4.com/Webcast/Page/748/31659
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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