Petco Health and Wellness (WOOF) Scheduled to Post Earnings on Thursday

Petco Health and Wellness (NASDAQ:WOOF) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Petco Health and Wellness has set its Q3 guidance at $(0.04)-(0.03) EPS and its Q3 2024 guidance at -0.040–0.030 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, analysts expect Petco Health and Wellness to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Petco Health and Wellness Stock Performance

Shares of NASDAQ WOOF opened at $4.91 on Tuesday. The business’s 50-day simple moving average is $4.55 and its 200-day simple moving average is $3.77. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $5.94. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -0.92 and a beta of 1.89.

Analysts Set New Price Targets

A number of research firms have recently commented on WOOF. Royal Bank of Canada lifted their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Citigroup lifted their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. The Goldman Sachs Group dropped their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Wedbush increased their target price on Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.49.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.