Profile
Sector:
HealthcareIndustry:
Drug Manufacturers - GeneralCountry:
United StatesIPO:
01 June 1972Website:
http://www.pfizer.comNext earnings report:
N/ALast dividends:
26 July 2024Next dividends:
08 November 2024Price
after hours | Fri, 01 Nov 2024 23:59:59 GMTAnalysts recommendations
Institutional Ownership
PFE Latest News
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Pfizer exceeded expectations for both revenue and adjusted earnings per share, thanks to the unexpected success of its COVID-related products. However, the mixed reaction after the earnings report indicates that Pfizer must focus on its growth opportunities outside of COVID. It seems that PFE has likely moved beyond its lowest points from early 2024, showing that the market believes the toughest times are behind it.
After Pfizer (PFE) reported better-than-expected earnings for the third quarter and increased its full-year forecast, CEO Albert Bourla appeared on Market Domination to talk about the "remarkable quarter." He highlighted that both Pfizer's earnings and revenue, as well as its COVID and non-COVID sectors, exceeded expectations.
Pfizer's dividends are expected to continue coming in and increasing.
According to analysts from Bank of America, Pfizer Inc's dependence on a recovery in demand for Covid-19 products may have affected investor sentiment after their third-quarter results exceeded expectations. Even though the company raised its revenue forecast on Tuesday due to better-than-expected earnings, its shares dropped by 1.8% after the announcement.
The presence of an activist investor is a concern for the company.
Pfizer, Inc. (NYSE:PFE) will hold its Q3 2024 Earnings Conference Call on October 29, 2024, at 10:00 AM ET. Key company participants include Francesca DeMartino, Albert Bourla, and Dave Denton, among others. Various analysts from firms like Goldman Sachs, UBS, and Morgan Stanley will also join the call.
Even though Pfizer's stock price dropped today, it significantly exceeded my expectations and those of Wall Street analysts for the third quarter of 2024. Sales from the Tafamidis franchise reached $1.45 billion in Q3 2024, showing a 9.4% increase from the previous quarter and a 62.2% rise compared to last year. Additionally, Padcev, which is used to treat urothelial cancer, generated $409 million in sales for the three months ending September 30, 2024, marking a 104.5% increase from the previous year.
The pharmaceutical company announced that it has achieved positive results for the third quarter in a row.
Pfizer's shares dropped on Tuesday, as a solid earnings report is expected to reduce the chances of activist investor Starboard Value pushing for significant changes at the company.
What type of business is Pfizer?
Pfizer Inc. is one of the leading international biopharmaceutical companies, founded in New York in 1849. Every year, Pfizer's medicines and vaccines help people around the world fight many diseases and lead a healthy lifestyle. The company's product portfolio includes medicines, including vaccines, as well as well-known vitamins and other products that promote health maintenance. The IH segment focuses on the development and commercialization of medicines and vaccines for internal diseases, oncology, inflammation and immunology, morbidity, and healthcare. The EH segment is involved in the development and supply of proprietary generics, non-patented sterile injectable drugs, biosimilars, and certain proprietary products, including anti-infectives.
What sector is Pfizer in?
Pfizer is in the Healthcare sector
What industry is Pfizer in?
Pfizer is in the Drug Manufacturers - General industry
What country is Pfizer from?
Pfizer is headquartered in United States
When did Pfizer go public?
Pfizer initial public offering (IPO) was on 01 June 1972
What is Pfizer website?
https://www.pfizer.com
Is Pfizer in the S&P 500?
Yes, Pfizer is included in the S&P 500 index
Is Pfizer in the NASDAQ 100?
No, Pfizer is not included in the NASDAQ 100 index
Is Pfizer in the Dow Jones?
No, Pfizer is not included in the Dow Jones index
When was Pfizer the previous earnings report?
No data
When does Pfizer earnings report?
Next earnings report date is not announced yet