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Exploring Analyst Estimates for Chewy (CHWY) Q2 Earnings, Beyond Revenue and EPS
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The upcoming report from Chewy (CHWY - Free Report) is expected to reveal quarterly earnings of $0.36 per share, indicating an increase of 9.1% compared to the year-ago period. Analysts forecast revenues of $3.32 billion, representing an increase of 6.8% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Chewy metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Net Sales- Consumables' should arrive at $2.25 billion. The estimate indicates a change of +4.9% from the prior-year quarter.
The average prediction of analysts places 'Net Sales- Hardgoods' at $384.21 million. The estimate points to a change of +11% from the year-ago quarter.
The consensus estimate for 'Net Sales- Other' stands at $399.29 million. The estimate indicates a change of -34.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Active customers' of 21,662 . The estimate is in contrast to the year-ago figure of 20,906 .
The combined assessment of analysts suggests that 'Net sales per active customer' will likely reach $603.42 . The estimate compares to the year-ago value of $591.00 .
Over the past month, shares of Chewy have returned +0.6% versus the Zacks S&P 500 composite's +2.5% change. Currently, CHWY carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Exploring Analyst Estimates for Chewy (CHWY) Q2 Earnings, Beyond Revenue and EPS
The upcoming report from Chewy (CHWY - Free Report) is expected to reveal quarterly earnings of $0.36 per share, indicating an increase of 9.1% compared to the year-ago period. Analysts forecast revenues of $3.32 billion, representing an increase of 6.8% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Chewy metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Net Sales- Consumables' should arrive at $2.25 billion. The estimate indicates a change of +4.9% from the prior-year quarter.
The average prediction of analysts places 'Net Sales- Hardgoods' at $384.21 million. The estimate points to a change of +11% from the year-ago quarter.
The consensus estimate for 'Net Sales- Other' stands at $399.29 million. The estimate indicates a change of -34.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Active customers' of 21,662 . The estimate is in contrast to the year-ago figure of 20,906 .
The combined assessment of analysts suggests that 'Net sales per active customer' will likely reach $603.42 . The estimate compares to the year-ago value of $591.00 .
View all Key Company Metrics for Chewy here>>>Over the past month, shares of Chewy have returned +0.6% versus the Zacks S&P 500 composite's +2.5% change. Currently, CHWY carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .