Here is a challenge for the PFEr Board.
Second quarter PFE earnings will be reported around Wednesday, July 15, 1998. This earnings report will include the impact of Viagra sales on the bottom line for the first time.
All PFErs, Pharmers, and lurkers are invited to submit entries.
The Challenge will be open until midnight of the night before the official PFE earnings press release. Entries can be changed at anytime during the contest. Good luck!!
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PFE 2nd Quarter, 1998 Earnings
The Challenge
What will be the PFE Earnings Per Share for the 2nd Quarter, 1998? $___________
Please provide a sentence or two to support your estimate.
References
PFE Zachs earning consensus
2nd Quarter, 1998 EPS estimates: $0.43 (+23%) (Range: $0.41-$0.55)
research.web.aol.com
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To start the ball rolling , here is my entry:
What will be the PFE Earnings Per Share for the 2nd Quarter, 1998?
$0.46, a 31.4% increase over 2nd Quarter, 1998.
Rationale:
-Viagra sales will be $300 million + ...surpassing analysts' estimates
-Large launch expenditures
-Trovan, Lipitor, Norvasc, Zoloft, and Zithromax sales all strong.
-Foreign exchange will reduce earnings by 4%
-PFE traditionally does not beat the Consensus by more than $0.02. |
