Why Chewy (CHWY) Outpaced the Stock Market Today

Company Performance - Chewy's stock closed at $38.62, reflecting a +1.26% change from the previous trading day's close, outperforming the S&P 500 which gained 0.72% [1] - Over the last month, Chewy's shares increased by 2.89%, lagging behind the Retail-Wholesale sector's gain of 6.17% but outperforming the S&P 500's gain of 1.02% [1] Earnings Projections - Chewy's upcoming earnings per share (EPS) are projected to be$ 0.20, indicating an 11.11% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $3.2 billion, representing a 13.11% increase from the year-ago period [2] Analyst Estimates - Recent changes to analyst estimates for Chewy reflect positive sentiment regarding the company's business operations and profit generation capabilities [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Chewy at 3 (Hold) [5] Valuation Metrics - Chewy has a Forward P/E ratio of 30.76, which is a premium compared to the industry average Forward P/E of 21.67 [6] - The PEG ratio for Chewy is 0.83, while the Internet - Commerce industry average PEG ratio is 1.22 [6] Industry Context - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]