Earnings Outlook For Chewy
Portfolio Pulse from Benzinga Insights
Chewy (NYSE:CHWY) is expected to release its quarterly earnings report on Wednesday, 2023-12-06, with an estimated EPS of $-0.06. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS estimates in the past, Chewy's stock price has shown mixed reactions, including a 12.26% drop after the last report. Over the last year, CHWY shares have declined by 54.81%, indicating a bearish sentiment among long-term shareholders.
December 05, 2023 | 2:00 pm
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Chewy is anticipated to report quarterly earnings with an EPS of $-0.06. Historical performance shows mixed stock price reactions post-earnings, with a significant drop after the last report. Long-term trend is bearish with a 54.81% decline over the past year.
The short-term impact on CHWY's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical data shows that the stock's reaction to earnings reports can be unpredictable, with both increases and decreases in price. The long-term bearish trend may temper any positive short-term movements, but a significant earnings beat or strong forward guidance could still lead to a positive short-term price reaction.
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