Chewy Likely To Post Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Chewy, Inc. (NYSE:CHWY) is expected to report a Q2 2023 loss of 5 cents per share, compared to earnings of 5 cents per share in the same period last year. Revenue is projected to be $2.76 billion, up from $2.43 billion. The company's shares gained 4.5% to close at $27.28 on Tuesday. Several analysts have recently adjusted their price targets for Chewy, with changes ranging from a decrease to $33 to an increase to $50.
August 30, 2023 | 6:31 am
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Chewy is expected to report a Q2 loss, but with increased revenue. The stock gained 4.5% recently. Analysts have adjusted their price targets, indicating mixed expectations.
The news directly pertains to Chewy and its upcoming earnings report. The expected loss could negatively impact the stock, but this may be offset by the increased revenue and recent stock gain. Analysts' mixed price targets indicate uncertainty about the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100