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Chewy (CHWY) Beats Stock Market Upswing: What Investors Need to Know
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Chewy (CHWY - Free Report) ended the recent trading session at $20.86, demonstrating a +1.96% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.05%. At the same time, the Dow added 0.46%, and the tech-heavy Nasdaq lost 0.64%.
Coming into today, shares of the online pet store had gained 12.79% in the past month. In that same time, the Retail-Wholesale sector lost 0.78%, while the S&P 500 gained 0.61%.
The investment community will be paying close attention to the earnings performance of Chewy in its upcoming release. The company is forecasted to report an EPS of $0.36, showcasing a 9.09% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $3.32 billion, indicating a 6.83% growth compared to the corresponding quarter of the prior year.
CHWY's full-year Zacks Consensus Estimates are calling for earnings of $1.53 per share and revenue of $13.49 billion. These results would represent year-over-year changes of +20.47% and +7.06%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Chewy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.78% lower. Chewy is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Chewy is currently trading at a Forward P/E ratio of 13.39. This indicates a discount in contrast to its industry's Forward P/E of 16.54.
It is also worth noting that CHWY currently has a PEG ratio of 0.54. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Commerce industry had an average PEG ratio of 1.11 as trading concluded yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Chewy (CHWY) Beats Stock Market Upswing: What Investors Need to Know
Chewy (CHWY - Free Report) ended the recent trading session at $20.86, demonstrating a +1.96% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.05%. At the same time, the Dow added 0.46%, and the tech-heavy Nasdaq lost 0.64%.
Coming into today, shares of the online pet store had gained 12.79% in the past month. In that same time, the Retail-Wholesale sector lost 0.78%, while the S&P 500 gained 0.61%.
The investment community will be paying close attention to the earnings performance of Chewy in its upcoming release. The company is forecasted to report an EPS of $0.36, showcasing a 9.09% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $3.32 billion, indicating a 6.83% growth compared to the corresponding quarter of the prior year.
CHWY's full-year Zacks Consensus Estimates are calling for earnings of $1.53 per share and revenue of $13.49 billion. These results would represent year-over-year changes of +20.47% and +7.06%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Chewy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.78% lower. Chewy is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Chewy is currently trading at a Forward P/E ratio of 13.39. This indicates a discount in contrast to its industry's Forward P/E of 16.54.
It is also worth noting that CHWY currently has a PEG ratio of 0.54. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Commerce industry had an average PEG ratio of 1.11 as trading concluded yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.