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Chewy (CHWY) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Chewy (CHWY - Free Report) closed at $21.38, marking a +2.66% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.33%. On the other hand, the Dow registered a gain of 1.08%, and the technology-centric Nasdaq increased by 0.08%.
The online pet store's stock has dropped by 0.38% in the past month, falling short of the Retail-Wholesale sector's gain of 0.37% and the S&P 500's gain of 1.41%.
Market participants will be closely following the financial results of Chewy in its upcoming release. The company is predicted to post an EPS of $0.38, indicating a 18.75% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.35 billion, indicating a 7.42% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.53 per share and a revenue of $13.52 billion, demonstrating changes of +20.47% and +7.32%, respectively, from the preceding year.
Investors might also notice recent changes 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.65% lower. At present, Chewy boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Chewy is presently being traded at a Forward P/E ratio of 13.62. Its industry sports an average Forward P/E of 15.33, so one might conclude that Chewy is trading at a discount comparatively.
Also, we should mention that CHWY has a PEG ratio of 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Commerce was holding an average PEG ratio of 1.21 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 166, positioning it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Chewy (CHWY) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Chewy (CHWY - Free Report) closed at $21.38, marking a +2.66% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.33%. On the other hand, the Dow registered a gain of 1.08%, and the technology-centric Nasdaq increased by 0.08%.
The online pet store's stock has dropped by 0.38% in the past month, falling short of the Retail-Wholesale sector's gain of 0.37% and the S&P 500's gain of 1.41%.
Market participants will be closely following the financial results of Chewy in its upcoming release. The company is predicted to post an EPS of $0.38, indicating a 18.75% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.35 billion, indicating a 7.42% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.53 per share and a revenue of $13.52 billion, demonstrating changes of +20.47% and +7.32%, respectively, from the preceding year.
Investors might also notice recent changes 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.65% lower. At present, Chewy boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Chewy is presently being traded at a Forward P/E ratio of 13.62. Its industry sports an average Forward P/E of 15.33, so one might conclude that Chewy is trading at a discount comparatively.
Also, we should mention that CHWY has a PEG ratio of 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Commerce was holding an average PEG ratio of 1.21 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 166, positioning it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.