It’s essentially the Amazon for pets and with America’s consistently growing love for its furry friends, Chewy has several secular tailwinds at its back. Total Enterprise Value to Total Revenue (ttm). CHWY The firm had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.64 billion. A break below will put $42 on deck, which is an important area to keep an eye on. Get daily stock ideas top-performing Wall Street analysts. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Why Has Chewy Stock Trended 30% Lower Since Its IPO? While these stocks score as UNATTRACTIVE, we believe the best shorts are our TOP SHORTS which are F-rated stocks. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock.
Chewy appears a compelling earnings-beat candidate.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. View our full suite of financial calendars and market data tables, all for free. Learn more. New book on the way: Psychological Analysis For Markets. Export data to Excel for your own analysis.
Pet food retailer’s launch surprises market.
© 2020 Forbes Media LLC. What do you expect when CHWY reports earnings? You may opt-out by. Enjoy investing in undervalued businesses and watching them grow. Q.ai is the trade name of Quantalytics Holdings, LLC. The stock hit a record high of $51.72/share in 2020 and is currently trading near $48/share… Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. The digital startup Pawp wants to become a platform where pet parents can buy supplies, book services, and get advice. An earnings beat or miss may not be the sole basis for a stock moving higher or lower.
That’s Another Story, Chewy's First Post-IPO Test: The Dog Days Of Discounting, Don't Bet Against Pets: Retail Lessons From The Chewy IPO, The Chewy IPO: Digging For Treats In SEC Filings. The stock hit a record high of $51.72/share in 2020 and is currently trading near $48/share.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Chewy Inc. While the stock jumped to about $35 per share on the day of its listing, from its IPO price of $22, it has declined by about 30% since then, trading at levels of around $25 currently.. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. Chewy last released its quarterly earnings data on September 10th, 2020. Chewy is an e-commerce company that specializes in pet supplies. Do Not Sell My Information. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Get More Whispers: Receive offers? Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. While these stocks are ranked ATTRACTIVE, we believe the best buys for long positions are TOP BUYS which are A-rated stocks. The question then becomes, can Chewy maintain its recent momentum? Get prepared with the key expectations.
Want the latest recommendations from Zacks Investment Research? So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. ... Chewy … The dark blue line represents the company's actual earnings per share.
The reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. Chewy (NYSE: CHWY), an online retailer of pet food and pet products, has had a mixed performance post its June IPO. Get short term trading ideas from the MarketBeat Idea Engine. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
The reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. For the last reported quarter, it was expected that Chewy would post a loss of $0.17 per share when it actually produced a loss of $0.04, delivering a surprise of +76.47%. Chewy (CHWY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
Looking for new stock ideas? The earnings report, which is expected to be released on June 9, 2020, might help the stock move higher if these key numbers are better than expectations. The company was founded in 2010 and is headquartered in Dania Beach, Florida. Chewy, Inc. (CHWY) latest earnings report: revenue, EPS, surprise, history, news and analysis. Chewy is hiring between 6,000 and 10,000 employees at its fulfillment centers to handle a spike in orders.
Let’s see how it trades on the report. These stocks are the best “SHORTS” for investors. Its quarterly revenue was up 47.4% on a year-over-year basis.
It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. CEO Sumit Singh, in an interview last month, talked about his priorities for the company. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. When the company reported earnings in April, Chewy beat on revenue forecasts and management said they expect strong sales trends to continue. Haven't seen much talk about Chewy here - I'm posting here for the first time to recommend grabbing some call's before the earnings call on the evening of 9/10. F-RATED STOCKS are those stocks our quantitative multi-factor models score as most probable to fall in price. Earnings grew 50.0% year-over-year while revenue grew by 18.4%. Consequently, any such data, information, or opinions do not in any way represent a personal recommendation to any individual investor or any entities, whatever the type. Chewy last announced its earnings data on September 10th, 2020. Leveraging Big Data multi-factor models, the Q-Factor Score is assigned to each stock ranging from “Top Buy” to “Top Short”. Learn about financial terms, types of investments, trading strategies and more. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The Whisper number is the Street's unofficial view on earnings. Data, information, or opinions contained in Quantalytics in any form give no consideration to any particular individuals' investment needs or objectives, nor do they consider any individuals' financial condition. However, if shares dip following earnings, see how $46 does as support. Copyright © 1998 - 2020 EarningsWhispers, - the professionals' earnings expectation.
Action Alerts PLUS is a registered trademark of TheStreet, Inc. The data, information and opinions presented have been obtained or derived from sources believed by Quantalytics to be reliable. These stocks are the best “BUYS” for investors.
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