Chewy (CHWY) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Chewy, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - Chewy is expected to report quarterly earnings of $0.23 per share, reflecting a year-over-year increase of +53.3% [3] - Revenues are projected to be $2.86 billion, representing a 4.4% increase from the same quarter last year [4] Estimate Revisions - The consensus EPS estimate has been revised 10.53% higher in the last 30 days, indicating a positive reassessment by analysts [5] - The Most Accurate Estimate for Chewy is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.67% [11][12] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [9] - Chewy currently holds a Zacks Rank of 2, suggesting a high likelihood of beating the consensus EPS estimate [12][13] Historical Performance - Chewy has consistently beaten consensus EPS estimates, achieving this in the last four quarters [15] - In the last reported quarter, Chewy exceeded expectations by delivering earnings of $0.24 per share against an expected $0.22, resulting in a surprise of +9.09% [14] Conclusion - Chewy is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors beyond earnings results when making investment decisions [18]