Countdown to Chewy (CHWY) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Insights - Chewy (CHWY) is expected to report quarterly earnings of $0.30 per share, a 50% increase year-over-year, with revenues projected at $3.09 billion, reflecting a 7.5% year-over-year growth [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 9.7% in the last 30 days, indicating a reassessment by analysts [2] - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3] Key Metrics Forecast - Analysts forecast 'Net Sales- Consumables' to reach $2.16 billion, a 5.9% increase from the previous year [4] - 'Net Sales- Other' is estimated to be $609.23 million, showing a year-over-year change of 13.3% [5] - 'Net Sales- Hardgoods' is expected to reach $335.80 million, indicating a 13.2% increase from the prior year [5] - The number of 'Active customers' is projected to be 21,062, up from 20,160 in the previous year [5] - The estimated 'Net sales per active customer' is $596.22, compared to $567.00 a year ago [6] Stock Performance - Over the past month, Chewy shares have returned 1.4%, slightly outperforming the Zacks S&P 500 composite's 1.3% change [6] - Chewy currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]