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Highly Rated PetMed Express Near Buy Zone Before Next Earnings Report

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If you're looking for stocks that are setting up in a base ahead of their next earnings report, here's one that fits the bill: IBD 50 member PetMed Express ( PETS ). It's expected to release its latest numbers around Jan. 22 and is currently approximately 6% below a 51.00 buy point. The entry is based on a second-stage consolidation .

[ibd-display-video id=2102289 width=50 float=left autostart=true] Understand that buying a stock close to earnings is risky, since poor numbers could send it sharply lower. You can reduce your risk by waiting to see the actual numbers and the market's reaction.

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The company posted 79% earnings growth in the latest quarterly report, while sales growth came in at 10%.

Analysts are looking for earnings growth of 33% for the quarter, and 40% growth for the full year. Earnings-per-share estimates for the full year were recently revised higher.

PetMed Express has a 99 Composite Rating and holds the No. 1 rank among its peers in the Retail-Internet industry group. PetMed Express ( PETS ) and 58.com ( WUBA ) are also among the group's highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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