Zoetis Inc. (ZTS)

Zoetis beat on adjusted EPS but missed on revenue in the second fiscal quarter of 2026, reported Aug. 6, as adjusted EPS of $1.87 topped the $1.85 estimate by 1.1% and rose 6.3% from $1.76 a year ago. Revenue came in at about $2.5 billion, missing the $2.50 billion consensus by 1.3% but still rising 0.3% from about $2.46 billion a year earlier, with sales concentrated in the United States at about $1.3 billion. Gross margin held near 73% and operating margin was about 38%, while operating income reached about $937 million. Net income slipped 3.8% to about $691 million from about $718 million a year ago. Operating cash flow came in at about $1.1 billion, and Zoetis repurchased about $1.2 billion of stock while paying roughly $447 million in dividends. Consensus for the next period calls for EPS of $1.86 on revenue of $2.50 billion.