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Thursday, September 23, 2021

PFE Will Be Putting Up A Quarterly Sum Of $17.54 Billion

Quite a few brokerages have predicted that the stocks of PFE will be putting up a quarterly sum of $17.54 billion for the current quarter. According to a report, three of the analysts have already provided estimates into the earnings of the company.

The ball has been rolled from a sum of $16.82 billion, with the highest coming in at $18.50 billion. The company did put up a sales sum of $11.80 billion the previous year, but that indicates an annual growth rate of about 48.6%. The company will be reporting its next quarterly report on the 28th of July. 

The Quarterly Report Of PFE

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PFE did previously report their quarterly earnings on the 4th of May. The biopharmaceutical company did report an EPS of $0.93 for the quarter, which was more than the consensus estimate of $0.78. The return on equity for the company was 24.55%, with a net margin of around 22.09%. The revenue generated by the company during this period was $14.58 billion, which is more than the consensus estimate of $13.41 billion. 

There have been quite a few research equities that have commented on the stocks of PFE. Morgan Stanley has already increased the price target of the company from $38 to $42 with a rating of equal weight in a 10th May research report. The Goldman Sachs Group has also put up a price target of $45 with a price rating of neutral in a 24th May research report.

Mizuho Securities has also put up a rating of neutral with a price target of $42 in a 12th May research report. TheStreet has gone ahead and issued the company a rating of c+ to b- in a 3rd May research report. JPMorgan Chase & Co has also issued the company with a rating of neutral along with a price target of $40. 

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Currently, twelve investment analysts have issued the company stocks with a rating of hold, while two others have put up a rating of buy. PFE has a hold consensus rating with a $41.36 price target.  

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