PetIQ Inc expected to post earnings of 35  cents a share - Earnings Preview

PetIQ

06/05/2023 03:06

* PetIQ Inc  PETQ.OQ   PETQ.O  is expected to show a rise in
quarterly revenue when it reports  results on May 9. 
    * The Eagle Idaho-based  company is expected to report  a
0.6% increase in revenue to $277.234 million from $275.7 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on February 28
2023, for the period ended March 31, was for revenue between
$270.00 million and $290.00 million.
    * ​Refinitiv's mean analyst estimate for PetIQ Inc is for
earnings
of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 261.5% in the last three months. ​
    * Wall Street's median 12-month price target for PetIQ Inc
is
$21​, above​ its last closing price of $11.85. ​​​

The company's guidance on February 28 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD270 million and USD29 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.12       -0.09      -0.10     Missed  -6.4
 Sep. 30 2022  0.06        0.06       0.15      Beat    158.6
 Jun. 30 2022  0.34        0.34       0.51      Beat    50.9​
 Mar. 31 2022  0.36        0.37       0.62      Beat    68.5
 ​​Dec.        0.02        0.02       -0.01     Missed  -155.6
 31 2021                                                
 Sep. 30 2021  0.10        0.09       0.08      Missed  -11.1​
 Jun. 30 2021  0.74        0.71       0.65      Missed  -8.5
 Mar. 31 2021  0.15        0.14       0.39      Beat    175.3
 This summary was machine generated May 6 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated