Petco Health and Wellness (NASDAQ:WOOF) Issues Q2 2024 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOF) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.020–0.020 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Petco Health and Wellness also updated its Q2 guidance to $(0.02) EPS.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.88 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $2.61. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $10.31. The company has a market cap of $885.23 million, a P/E ratio of -0.60 and a beta of 1.27.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, analysts anticipate that Petco Health and Wellness will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WOOF. Robert W. Baird reduced their target price on Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a research note on Thursday, March 14th. Wells Fargo & Company reduced their target price on Petco Health and Wellness from $3.00 to $2.00 and set an equal weight rating for the company in a research note on Monday, March 25th. UBS Group reduced their target price on Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a research note on Wednesday, March 20th. Evercore ISI reduced their target price on Petco Health and Wellness from $4.00 to $3.00 and set an in-line rating for the company in a research note on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $2.96.

Petco Health and Wellness Company Profile

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.