PetIQ Inc reports results for the quarter ended in December - Earnings Summary

PetIQ

29/02/2024 24:02

* PetIQ Inc  PETQ.OQ  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of five analysts for the quarter
was for a loss of 29 cents per share. Wall Street expected
results to range from -44 cents to -20 cents per share.
    * Revenue rose 19.5% to $219.93 million from a year ago;
analysts
expected $189.05 million. 
    * PetIQ Inc's reported EPS for the quarter was a loss of 60
cents​.
    * The company reported a quarterly loss of $17.49 million.
    * PetIQ Inc shares had fallen by 5.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for PetIQ Inc is
$28.00 
This summary was machine generated from LSEG data February 29 at
12:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.29          -0.12          Beat
 Sep. 30 2023      0.02           0.42           Beat
 Jun. 30 2023      0.26           0.46           Beat
 Mar. 31 2023      0.35           0.45           Beat