Earnings Outlook For Petco Health and Wellness
Portfolio Pulse from Benzinga Insights
Petco Health and Wellness (NASDAQ:WOOF) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.02. Analysts and investors are keen on not just the earnings beat but also the company's guidance for future growth. Historical data shows mixed reactions to past earnings, with the last quarter missing EPS estimates but resulting in a 10.62% stock price increase the following day. Over the last year, WOOF shares have declined by 72.7%, indicating potential concern among long-term shareholders.
March 12, 2024 | 2:01 pm
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Petco Health and Wellness is anticipated to report an EPS of $0.02 in its upcoming earnings, with a focus on future guidance. Historical performance shows a mixed impact on stock prices post-earnings, amidst a significant 72.7% annual decline in share value.
Given the historical volatility in WOOF's stock price post-earnings and the significant annual decline, the upcoming earnings report could maintain current price levels if it meets or exceeds expectations, especially with positive future guidance. However, the recent trend and last quarter's performance suggest a cautious outlook.
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