We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
Analysts on Wall Street project that Chewy (CHWY - Free Report) will announce quarterly earnings of $0.33 per share in its forthcoming report, representing an increase of 37.5% year over year. Revenues are projected to reach $3.08 billion, increasing 7.8% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Chewy metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Consumables' of $2.14 billion. The estimate points to a change of +6.3% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Other' will reach $612.40 million. The estimate indicates a year-over-year change of +13%.
The consensus estimate for 'Net Sales- Hardgoods' stands at $328.46 million. The estimate suggests a change of +9.3% year over year.
Analysts expect 'Active Customers' to come in at 20,821 . Compared to the current estimate, the company reported 20,002 in the same quarter of the previous year.
It is projected by analysts that the 'Net sales per active customer' will reach $588.68 . The estimate compares to the year-ago value of $565.00 .
Shares of Chewy have demonstrated returns of +15% over the past month compared to the Zacks S&P 500 composite's +2.8% change. With a Zacks Rank #3 (Hold), CHWY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Chewy (CHWY) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Analysts on Wall Street project that Chewy (CHWY - Free Report) will announce quarterly earnings of $0.33 per share in its forthcoming report, representing an increase of 37.5% year over year. Revenues are projected to reach $3.08 billion, increasing 7.8% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Chewy metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Sales- Consumables' of $2.14 billion. The estimate points to a change of +6.3% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Other' will reach $612.40 million. The estimate indicates a year-over-year change of +13%.
The consensus estimate for 'Net Sales- Hardgoods' stands at $328.46 million. The estimate suggests a change of +9.3% year over year.
Analysts expect 'Active Customers' to come in at 20,821 . Compared to the current estimate, the company reported 20,002 in the same quarter of the previous year.
It is projected by analysts that the 'Net sales per active customer' will reach $588.68 . The estimate compares to the year-ago value of $565.00 .
View all Key Company Metrics for Chewy here>>>Shares of Chewy have demonstrated returns of +15% over the past month compared to the Zacks S&P 500 composite's +2.8% change. With a Zacks Rank #3 (Hold), CHWY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .