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

PetIQ

07/08/2024 22:01

* PetIQ Inc  PETQ.OQ  reported quarterly adjusted earnings
of 70
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 46
cents.  The mean expectation of five analysts for the quarter
was for earnings of 50 cents per share. Wall Street expected
results to range from 44 cents to 54 cents per share.
    * Revenue rose 4.6% to $328.94 million from a year ago;
analysts
expected $330.14 million. 
    * The company reported quarterly net income of $15.32
million.
    * PetIQ Inc shares had fallen by 6.8% this quarter and
gained 4.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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 4 "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
$30.00 
This summary was machine generated from LSEG data August 7 at
09:00 p.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
 Jun. 30 2024      0.50           0.70           Beat
 Mar. 31 2024      0.43           0.58           Beat
 Dec. 31 2023      -0.29          -0.12          Beat
 Sep. 30 2023      0.02           0.42           Beat