Earnings Preview For PetMed Express
Portfolio Pulse from Benzinga Insights
PetMed Express (NASDAQ:PETS) is set to release its quarterly earnings report on October 30, 2023. Analysts estimate an EPS of $0.08. The company's stock price often reacts to earnings guidance rather than the actual earnings. Last quarter, the company missed EPS by $0.04, resulting in a 5.87% drop in share price. Over the last 52 weeks, shares are down 56.19%.
October 27, 2023 | 8:01 pm
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PetMed Express is expected to report an EPS of $0.08. Last quarter's EPS miss led to a 5.87% drop in share price. The stock is down 56.19% over the last 52 weeks.
Given the company's history of missing EPS estimates and the subsequent negative impact on the stock price, there is a high likelihood of a similar trend if the company fails to meet the EPS estimate of $0.08. The stock has been on a downward trend, losing over half its value in the past year, which could be exacerbated by another earnings miss.
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