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Petco Health & Wellness (WOOF) Reports Q3 Loss, Tops Revenue Estimates
WOOFPetco Health and Wellness pany(WOOF) ZACKS·2024-12-05 23:21

Company Performance - Petco Health & Wellness reported a quarterly loss of 0.02pershare,whichwasbetterthantheZacksConsensusEstimateofalossof0.02 per share, which was better than the Zacks Consensus Estimate of a loss of 0.03, and an improvement from a loss of 0.05pershareayearago,indicatinganearningssurpriseof33.330.05 per share a year ago, indicating an earnings surprise of 33.33% [1] - The company posted revenues of 1.51 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 0.92% and showing an increase from 1.49billioninthesamequarterlastyear[2]−Overthelastfourquarters,PetcohasexceededconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatesthreetimes[2]StockPerformance−Petcoshareshaveincreasedapproximately59.81.49 billion in the same quarter last year [2] - Over the last four quarters, Petco has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Petco shares have increased approximately 59.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 27.6% [4] - The current consensus EPS estimate for the upcoming quarter is 0.03 on revenues of 1.58billion,whileforthecurrentfiscalyear,theestimateis−1.58 billion, while for the current fiscal year, the estimate is -0.06 on revenues of $6.13 billion [8] Industry Outlook - The Zacks Industry Rank indicates that the Retail - Miscellaneous sector, to which Petco belongs, is currently in the bottom 30% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Petco's stock performance [6]