The past three years have been difficult for Pfizer (PFE -0.35%). The pharmaceutical giant's financial results worsened substantially as its coronavirus-related tailwind came to a screeching halt. Investors responded by sending the stock down significantly. Pfizer has lost about 50% of its market value in the past three years. If the stock can bounce back and deliver excellent returns over the long run, initiating a position today might be a great idea. Are there good reasons to think Pfizer has what it tak ...

CHINA - 2024/09/21: In this photo illustration, a Pfizer logo is displayed on the screen of a ... [+] smartphone. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesPfizer stock (NYSE: PFE) recently reported its Q4 results, with revenues and earnings exceeding the street estimates. The company reported revenue of $17.8 billion and adjusted earnings of $0.63 per share, compared to the consensus estimates of $17.4 billion and $0.46, respectiv ...

Pfizer (PFE) reported fourth-quarter 2024 adjusted earnings per share of 63 cents, which beat the Zacks Consensus Estimate of 48 cents per share. The company had recorded earnings of 10 cents per share in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues came in at $17.76 billion, up 22% from the year-ago quarter on a reported basis. Revenues reflected an operational increase of 21% and a positive currency impact of 1%. Total revenues also beat the Zacks C ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Pfizer (PFE) reported $17.76 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 24.7%. EPS of $0.63 for the same period compares to $0.10 a year ago.The reported revenue represents a surprise of +1.52% over the Zacks Consensus Estimate of $17.5 billion. With the consensus EPS estimate being $0.48, the EPS surprise was +31.25%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Pfizer (PFE) announced positive top-line results from the progression-free survival (PFS) analysis of a late-stage study of its oncology drug, Braftovi (encorafenib), for treating patients with metastatic colorectal cancer (mCRC) harboring a BRAF V600E mutation. Braftovi is an oral small-molecule kinase inhibitor that targets BRAF V600E.The phase III BREAKWATER study is evaluating the candidate's safety and efficacy in combination with Eli Lilly’s (LLY) Erbitux (cetuximab) and chemotherapy (mFOLFOX6) in mCR ...

Pfizer reported robust fourth-quarter 2024 earnings, exceeding expectations in both revenue and adjusted earnings.Pharmaceuticals giant Pfizer (PFE 0.25%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 4, that topped analysts' consensus estimates. The company reported an adjusted earnings per share of $0.63, significantly above the analyst consensus of $0.47, while generating revenue of $17.76 billion, surpassing expectations of $17.35 billion. Despite a significant year-over-year decl ...

Pfizer (PFE) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.25%. A quarter ago, it was expected that this drugmaker would post earnings of $0.64 per share when it actually produced earnings of $1.06, delivering a surprise of 65.63%.Over the last four quarters, the company has surp ...

Financial Performance - Full-Year 2024 Revenues reached $63.6 billion, reflecting a 7% Year-over-Year Operational Growth, with a 12% growth excluding contributions from Paxlovid and Comirnaty[4] - Fourth-Quarter 2024 Revenues totaled $17.8 billion, representing a 22% Year-over-Year Operational Growth, with an 11% growth excluding contributions from Paxlovid and Comirnaty[4] - Full-Year 2024 Adjusted Diluted EPS was $3.11, a 69% increase compared to the previous year[7] - Pfizer achieved a 12% operational revenue growth for non-COVID products in Full-Year 2024, demonstrating strong commercial execution[4] - Full-year 2024 revenues totaled $63.6 billion, an increase of $4.1 billion, or 7%, compared to full-year 2023[21] - Fourth-quarter 2024 product revenues increased by 22% to $15.084 billion compared to $12.339 billion in Q4 2023[35] - Total revenues for full-year 2024 reached $63.627 billion, a 7% increase from $59.553 billion in 2023[35] - The company reported a net income of $8.031 billion for full-year 2024, compared to $2.119 billion in 2023[35] - Diluted earnings per share for full-year 2024 were $1.41, up from $0.37 in 2023[35] - Non-GAAP adjusted net income for Full-Year 2024 was $17,716 million, with earnings per share of $3.11[51] Cost Management and Savings - The company is on track to deliver overall net cost savings of approximately $4.5 billion by the end of 2025 from its ongoing cost realignment program[4] - Pfizer's ongoing cost realignment program is expected to achieve approximately $4.5 billion in net cost savings by the end of 2025[28] - The company plans to return to a balanced capital allocation strategy by the end of 2025, including potential share repurchases[10] - Restructuring charges for full-year 2024 totaled $2.419 billion, a decrease of 18% from $2.943 billion in 2023[39] Research and Development - Pfizer invested $10.8 billion in internal research and development projects in 2024, aiming to enhance future growth prospects[12] - Adjusted R&D Expenses for Q4 2024 increased by 8% to $2,986 million, with full-year R&D Expenses at $10,694 million, a 1% increase from 2023[20] - Research and development expenses for full-year 2024 were $10.822 billion, a slight increase of 1% from $10.679 billion in 2023[35] Product Performance - The Global Biopharmaceuticals Business (Biopharma) reported Fourth-Quarter 2024 revenues of $17.4 billion, a 23% increase compared to the prior-year quarter[8] - The Vyndaqel family saw a 60% operational growth in Fourth-Quarter 2024, driven by strong demand and increased affordability[14] - The operational revenue growth was primarily driven by significantly higher global revenues for Paxlovid and the addition of legacy Seagen revenues following the acquisition in December 2023[21] - Primary Care revenues increased by 27% to $8,911 million in Q4 2024, compared to $7,044 million in Q4 2023[59] - Specialty Care revenues rose by 12% to $4,438 million in Q4 2024, compared to $3,953 million in Q4 2023[59] - Oncology revenues grew by 27% to $4,064 million in Q4 2024, compared to $3,189 million in Q4 2023[59] Future Guidance - Pfizer's 2025 financial guidance includes projected revenues in a range of $61.0 to $64.0 billion and Adjusted Diluted EPS in a range of $2.80 to $3.00[9] - Full-year 2025 financial guidance includes an anticipated unfavorable revenue impact of approximately $0.6 billion due to generic and biosimilar competition[30] Acquisitions and Strategic Moves - The company completed the acquisition of Seagen in December 2023, which is expected to enhance business development opportunities[68] - Pfizer sold 700 million ordinary shares of its investment in Haleon for total net consideration of approximately $3.0 billion, reducing its ownership interest from approximately 15% to 7%[25] - The company announced positive topline results from the pivotal Phase 3 CREST trial evaluating sasanlimab in combination with BCG for high-risk non-muscle invasive bladder cancer[24] - Pfizer's Commercial Oncology organization will transition into the U.S. Commercial organization effective January 1, 2025, creating a single U.S. commercial division[26] Regulatory and Market Challenges - Regulatory challenges include the need to address comments from authorities like the FDA and EMA, which could impact product approvals and market potential[68] - The company faces competition from new entrants, generics, and biosimilars, which may affect the marketing of both new and existing products[69] - There are uncertainties regarding the demand for COVID-19 products, which may lead to reduced revenues and excess inventory[69] - The impact of the Inflation Reduction Act of 2022 may affect pricing and access to medicines, influencing revenue streams[73] - The company is navigating legal and regulatory challenges that could impact operations and financial results, including potential changes in tax laws[73] Tax and Interest Expenses - The effective tax rate on reported income for Q4 2024 was 18.9%, compared to (24.0%) in Q4 2023[20] - The effective tax rate for Q4 2024 was 4,220.5%, compared to 19.2% in Q4 2023, influenced by changes in the jurisdictional mix of earnings[46] - In Q4 2024, net interest expense increased to $569 million, up from $80 million in Q4 2023, primarily due to lower interest income and higher interest expenses related to the $43.4 billion Seagen acquisition[42] - The full-year 2024 net interest expense reached $2.546 billion, significantly higher than $585 million in 2023, driven by the issuance of $31 billion in senior unsecured notes and $8 billion in commercial paper for the Seagen acquisition[42] Asset Impairments and Gains - Intangible asset impairment charges for Q4 2024 totaled $2.9 billion, including $1 billion for B7H4V and $475 million for Medrol, reflecting changes in development plans and competition[43] - Full-year 2024 included a $240 million intangible asset impairment charge related to a Phase 3 study for Duchenne muscular dystrophy, reflecting unfavorable clinical trial results[43] - The company recognized certain asset impairments of $(2,946) million in Fourth-Quarter 2024 and $(3,295) million for Full-Year 2024[51] Strategic Initiatives - The company announced a strategic reorganization to enhance focus and execution, including the creation of the Pfizer Oncology Division[64] - Pfizer plans to implement a Manufacturing Optimization Program to reduce costs, announced in May 2024[65] - The company is focused on achieving climate goals and advancing environmental sustainability initiatives[69] - The company is addressing cybersecurity risks, including potential disruptions from cyber-attacks and the integrity of information technology systems[73]

Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024.Pfizer on Tuesday reported fourth-quarter earnings and revenue that beat estimates as sales of the company's Covid products topped expectations and cancer drugs from its acquisition of Seagen boosted revenue.Here's what the company reported for the fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per shar ...