Petco Health and Wellness (WOOF) Set to Announce Earnings on Wednesday

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 22nd. Analysts expect Petco Health and Wellness to post earnings of ($0.06) per share for the quarter. Petco Health and Wellness has set its Q1 guidance at ~($0.06) EPS and its Q1 2024 guidance at -0.060–0.060 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last issued its earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. On average, analysts expect Petco Health and Wellness to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $2.58 on Tuesday. The firm has a fifty day moving average of $1.90 and a two-hundred day moving average of $2.62. The firm has a market cap of $793.01 million, a P/E ratio of -0.54 and a beta of 1.27. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $10.31. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.24.

Analyst Ratings Changes

A number of brokerages recently weighed in on WOOF. Royal Bank of Canada lowered their price objective on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating for the company in a research report on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, March 13th. UBS Group lowered their price objective on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, March 20th. Evercore ISI lowered their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research report on Friday, March 15th. Finally, Citigroup lowered their price objective on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.96.

Check Out Our Latest Stock Analysis on WOOF

Petco Health and Wellness Company Profile

(Get Free Report)

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.

See Also

Earnings History for Petco Health and Wellness (NASDAQ:WOOF)

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