Petco Analysts Cut Their Forecasts After Q2 Results
Portfolio Pulse from Lisa Levin
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) reported Q2 earnings of 6 cents per share and sales of $1.53 billion. The company forecasts 2023 adjusted earnings of 24 to 40 cents per share on net revenue of $6.215 to $6.275 billion. Following the earnings announcement, several analysts including Needham, Wells Fargo, Wedbush, RBC Capital, Morgan Stanley, and B of A Securities revised their price targets on Petco.
August 25, 2023 | 3:40 pm
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Petco reported Q2 earnings and provided 2023 forecasts. Analysts revised their price targets on the company.
Petco's Q2 earnings announcement and its 2023 forecasts have led to a revision of price targets by several analysts. This could potentially impact the company's stock price in the short term, although the direction of the impact is uncertain.
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RELEVANCE 100