Petco Health and Wellness Company Inc reports results for the quarter ended in April - Earnings Summary

Petco Health and Wellness

22/05/2024 16:18

* Petco Health and Wellness Company Inc  WOOF.OQ  reported a
quarterly adjusted loss of 4 cents​​ per share for the quarter
ended in April, lower than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
fourteen analysts for the quarter was for a loss of 7 cents per
share. Wall Street expected results to range from -11 cents
to -5 cents per share.
    * Revenue fell 1.7% to $1.53 billion from a year ago;
analysts
expected $1.51 billion. 
    * Petco Health and Wellness Company Inc's reported EPS for
the
quarter was a loss of 17 cents​.
    * The company reported a quarterly loss of $46.48 million.
    * Petco Health and Wellness Company Inc shares had risen
by 7.5%
this quarter and lost 22.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 515.1% 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 "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is also "hold"

Wall Street's median 12-month price target for Petco Health and
Wellness Company Inc is $2.83 
This summary was machine generated from LSEG data May 22 at
03:18 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
 Apr. 30 2024      -0.07          -0.04          Beat
 Jan. 31 2024      0.02           0.02           Met
 Oct. 31 2023      0.02           -0.05          Missed
 Jul. 31 2023      0.06           0.06           Met