Pet Valu Holdings Ltd reports results for the quarter ended in June - Earnings Summary

Pet Valu Holdings

06/08/2024 16:07

* Pet Valu Holdings Ltd  PET.TO  reported quarterly adjusted
earnings of 38 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 36 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 34 cents per share. Wall
Street expected results to range from 33 cents to 35 cents per
share.
    * Revenue rose 3.5% to $265.23 million from a year ago;
analysts
expected $267.09 million. 
    * Pet Valu Holdings Ltd's reported EPS for the quarter was
25
cents​.
    * The company reported quarterly net income of C$17.84
million.
    * Pet Valu Holdings Ltd shares had risen by 1.5% this
quarter and
lost 7.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is also "buy"

Wall Street's median 12-month price target for Pet Valu Holdings
Ltd is C$36.50 
This summary was machine generated from LSEG data August 6 at
03:07 p.m. UTC. ​All figures in Canadian 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
 Jan. 1 0001       0.34           0.38           Beat
 Mar. 31 2024      0.31           0.35           Beat
 Dec. 31 2023      0.51           0.54           Beat
 Sep. 30 2023      0.38           0.39           Beat