In its upcoming report, Chewy (CHWY) is predicted by Wall Street analysts to post quarterly earnings of $0.30 per share, reflecting an increase of 50% compared to the same period last year. Revenues are forecasted to be $3.09 billion, representing a year-over-year increase of 7.5%.
The consensus EPS estimate for the quarter has undergone an upward revision of 9.7% 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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Chewy metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net Sales- Consumables' to reach $2.16 billion. The estimate points to a change of +5.9% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales- Other' reaching $609.23 million. The estimate indicates a year-over-year change of +13.3%.
The combined assessment of analysts suggests that 'Net Sales- Hardgoods' will likely reach $335.80 million. The estimate indicates a change of +13.2% from the prior-year quarter.
The consensus among analysts is that 'Active customers' will reach 21,062 . The estimate is in contrast to the year-ago figure of 20,160 .
The collective assessment of analysts points to an estimated 'Net sales per active customer' of $596.22 . The estimate is in contrast to the year-ago figure of $567.00 .
View all Key Company Metrics for Chewy here>>>Over the past month, shares of Chewy have returned +1.4% versus the Zacks S&P 500 composite's +1.3% change. Currently, CHWY carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
