Earnings Outlook For Chewy
Portfolio Pulse from Benzinga Insights
Chewy (NYSE:CHWY) is set to release its latest quarterly earnings report on August 30, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows it beat EPS by $0.24 last quarter, leading to a 21.57% increase in share price the next day. However, the stock has been down 23.54% over the last 52-week period.
August 29, 2023 | 2:00 pm
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NEUTRAL IMPACT
Chewy's upcoming earnings report could potentially impact its stock price. The company's past performance shows a positive correlation between earnings beat and share price increase.
The upcoming earnings report is a significant event for Chewy. If the company beats the estimated EPS, it could lead to a positive impact on the stock price, as seen in the past. However, the overall negative trend in the stock's performance over the last year could also influence investor sentiment.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100