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Chewy (CHWY) Stock Moves -1.71%: What You Should Know
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Chewy (CHWY - Free Report) closed the most recent trading day at $23.00, moving -1.71% from the previous trading session. This move was narrower than the S&P 500's daily loss of 4.36%. Meanwhile, the Dow lost 3.44%, and the Nasdaq, a tech-heavy index, lost 5.52%.
Prior to today's trading, shares of the online pet store had gained 28.43% outpaced the Retail-Wholesale sector's gain of 11.64% and the S&P 500's loss of 0.38%.
Market participants will be closely following the financial results of Chewy in its upcoming release. On that day, Chewy is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 18.75%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.35 billion, up 7.42% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.53 per share and a revenue of $13.52 billion, signifying shifts of +20.47% and +7.47%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Chewy. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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, there's been no change in the Zacks Consensus EPS estimate. Chewy currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, Chewy is currently exchanging hands at a Forward P/E ratio of 15.31. This indicates a discount in contrast to its industry's Forward P/E of 16.29.
Meanwhile, CHWY's PEG ratio is currently 0.48. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. CHWY's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.
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.
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) Stock Moves -1.71%: What You Should Know
Chewy (CHWY - Free Report) closed the most recent trading day at $23.00, moving -1.71% from the previous trading session. This move was narrower than the S&P 500's daily loss of 4.36%. Meanwhile, the Dow lost 3.44%, and the Nasdaq, a tech-heavy index, lost 5.52%.
Prior to today's trading, shares of the online pet store had gained 28.43% outpaced the Retail-Wholesale sector's gain of 11.64% and the S&P 500's loss of 0.38%.
Market participants will be closely following the financial results of Chewy in its upcoming release. On that day, Chewy is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 18.75%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.35 billion, up 7.42% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.53 per share and a revenue of $13.52 billion, signifying shifts of +20.47% and +7.47%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Chewy. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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, there's been no change in the Zacks Consensus EPS estimate. Chewy currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, Chewy is currently exchanging hands at a Forward P/E ratio of 15.31. This indicates a discount in contrast to its industry's Forward P/E of 16.29.
Meanwhile, CHWY's PEG ratio is currently 0.48. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. CHWY's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.