Chewy (CHWY) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this online pet store is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions a ...

Chewy (CHWY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often find it har ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chewy (CHWY) . Chewy currently has an average brokerage recommendation (AB ...

Chewy CHWY sent waves through the market as its share price rose as much as 15% after its second-quarter 2024 earnings were released. This positive investor reaction underscores Chewy's growing dominance in the $232 billion e-commerce pet sector, proving that its customer-centric approach and strategic initiatives are translating into tangible financial success. Beyond the Kibble: A Closer Look at Chewy's Q2 Performance Chewy's earnings report for the second quarter of 2024 (Q2 FY 2024) was filled with posi ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chewy. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Chewy soared again on its latest earnings report, but there's a catch. For the second quarter in a row, Chewy (CHWY -0.52%) stock soared on its earnings report. On Wednesday, shares of the online pet products seller jumped 11% after it posted modest revenue growth in the second quarter, but profits soared as it delivered strong margin expansion. Revenue rose 2.6% to $2.86 billion, matching estimates, while adjusted earnings per share jumped from $0.15 to $0.24, ahead of the consensus of $0.01. That's the th ...

Chewy is seeing revenue per customer climb. For the second time this year, investors were applauding strong quarterly earnings results from Chewy (CHWY -0.52%), sending the online pet products retailer's shares higher. Elsewhere, the stock gained added attention when it was learned that Keith Gill, aka Roaring Kitty on the Wallstreetbets message boards of Reddit, had made an investment. Gill helped spur the meme-stock craze a few years ago. Let's take a closer look at Chewy's recent results and see if the u ...

On Wednesday, Chewy Inc. CHWY reported better-than-expected second-quarter 2024 results and reaffirmed annual guidance. The company reported sales of $2.86 billion, up 2.6% year over year, almost in line with the consensus of $2.86 billion and the management guidance of $2.84 billion—$2.86 billion. The retailer of pet supplies reported adjusted EPS of $0.24 compared to the consensus of $0.02 and $0.15 a year ago. JP Morgan analyst writes, "We're encouraged that Chewy's Active Customers returned to growth fo ...

Martin Barraud/OJO Images via Getty Images Recap We last discussed Chewy (NYSE:CHWY) in December 2023. Within fewer than eight months, the stock has increased by 70% since we issued a buy rating of $17.5. Despite fierce competition, we think Chewy should be able to endure in this harsh environment, and the market's response indicates that the company has probably established itself in the sector. | --- | --- | |---------------------------------|--------| | Stock Covered | CHWY | | Analyst's rating at public ...

Chewy said its investment in veterinary clinics is helping it attract new customers. The online pet product retailer released quarterly earnings Wednesday (Aug. 28) showing net sales increasing nearly 3% to $2.86 billion in the second quarter. CEO Sumit Singh told analysts during an earnings call that the company's vet care clinics, two of which have opened this quarter, are helping drive sales. "With each additional week and month of operations across our clinic footprint, we are steadily accumulating data ...