Company Performance - Petco Health & Wellness reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of 0.02 per share a year ago, resulting in an earnings surprise of -100% [1] - The company posted revenues of 1.67 billion year-over-year [2] - Over the last four quarters, Petco has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Petco shares have lost approximately 35.2% since the beginning of the year, while the S&P 500 has declined by -1.8% [3] - The current consensus EPS estimate for the coming quarter is 1.55 billion in revenues, and 6.28 billion in revenues for the current fiscal year [7] Industry Outlook - The Zacks Industry Rank indicates that the Retail - Miscellaneous sector is currently in the bottom 46% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]
Petco Health & Wellness (WOOF) Reports Break-Even Earnings for Q4