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Chewy (CHWY) Stock Sinks As Market Gains: What You Should Know
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Chewy (CHWY - Free Report) closed at $25.42 in the latest trading session, marking a -2.08% move from the prior day. This change lagged the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.62%, and the technology-dominated Nasdaq saw an increase of 0.89%.
Prior to today's trading, shares of the online pet store had lost 2.48% lagged the Retail-Wholesale sector's gain of 13.36% and the S&P 500's gain of 12.23%.
The upcoming earnings release of Chewy will be of great interest to investors. The company's upcoming EPS is projected at $0.43, signifying a 22.86% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.36 billion, up 7.87% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.63 per share and a revenue of $13.69 billion, demonstrating changes of +28.35% and +8.61%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Chewy. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.88% increase. Chewy currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Chewy is currently exchanging hands at a Forward P/E ratio of 15.98. Its industry sports an average Forward P/E of 17.23, so one might conclude that Chewy is trading at a discount comparatively.
Meanwhile, CHWY's PEG ratio is currently 0.62. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.89.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 175, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Chewy (CHWY) Stock Sinks As Market Gains: What You Should Know
Chewy (CHWY - Free Report) closed at $25.42 in the latest trading session, marking a -2.08% move from the prior day. This change lagged the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.62%, and the technology-dominated Nasdaq saw an increase of 0.89%.
Prior to today's trading, shares of the online pet store had lost 2.48% lagged the Retail-Wholesale sector's gain of 13.36% and the S&P 500's gain of 12.23%.
The upcoming earnings release of Chewy will be of great interest to investors. The company's upcoming EPS is projected at $0.43, signifying a 22.86% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.36 billion, up 7.87% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.63 per share and a revenue of $13.69 billion, demonstrating changes of +28.35% and +8.61%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Chewy. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.88% increase. Chewy currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Chewy is currently exchanging hands at a Forward P/E ratio of 15.98. Its industry sports an average Forward P/E of 17.23, so one might conclude that Chewy is trading at a discount comparatively.
Meanwhile, CHWY's PEG ratio is currently 0.62. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.89.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 175, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.