We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Chewy (CHWY) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Chewy (CHWY - Free Report) closed the most recent trading day at $31, moving -0.8% from the previous trading session. This change lagged the S&P 500's 0.38% loss on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 10.47%.
Prior to today's trading, shares of the online pet store had lost 12.07% over the past month. This has lagged the Consumer Staples sector's gain of 5.16% and the S&P 500's gain of 2.61% in that time.
Investors will be hoping for strength from Chewy as it approaches its next earnings release. On that day, Chewy is projected to report earnings of -$0.02 per share, which would represent a year-over-year decline of 150%. Our most recent consensus estimate is calling for quarterly revenue of $2.73 billion, up 12.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $11.23 billion, which would represent changes of -103.77% and +11.2%, respectively, from the prior year.
Any recent changes to analyst estimates for Chewy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Chewy is holding a Zacks Rank of #3 (Hold) right now.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Chewy (CHWY) Dips More Than Broader Markets: What You Should Know
Chewy (CHWY - Free Report) closed the most recent trading day at $31, moving -0.8% from the previous trading session. This change lagged the S&P 500's 0.38% loss on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 10.47%.
Prior to today's trading, shares of the online pet store had lost 12.07% over the past month. This has lagged the Consumer Staples sector's gain of 5.16% and the S&P 500's gain of 2.61% in that time.
Investors will be hoping for strength from Chewy as it approaches its next earnings release. On that day, Chewy is projected to report earnings of -$0.02 per share, which would represent a year-over-year decline of 150%. Our most recent consensus estimate is calling for quarterly revenue of $2.73 billion, up 12.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $11.23 billion, which would represent changes of -103.77% and +11.2%, respectively, from the prior year.
Any recent changes to analyst estimates for Chewy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Chewy is holding a Zacks Rank of #3 (Hold) right now.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.