Earnings Outlook For Chewy
Portfolio Pulse from Benzinga Insights
Chewy (NYSE:CHWY) is anticipated to report a quarterly earnings per share (EPS) of $-0.04 on March 20, 2024. Analysts and investors are keen on whether Chewy will surpass this estimate and provide positive guidance for the next quarter. Despite past earnings beats, Chewy's stock has experienced mixed reactions, with a notable 56.06% decline over the last 52 weeks. The upcoming earnings report is crucial for investors, especially considering the stock's recent performance.
March 19, 2024 | 2:00 pm
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Chewy is expected to report a quarterly EPS of -$0.04 on March 20, 2024. The focus is on whether it will exceed this estimate and the future guidance provided. The stock has seen a significant decline of 56.06% over the past year, making this report particularly significant for investors.
The anticipation around Chewy's earnings report is high due to its expected EPS of -$0.04 and the potential for positive future guidance. Given Chewy's past performance, where earnings beats have not consistently led to stock price increases, and the significant 56.06% decline in its stock price over the last year, the short-term impact on CHWY's stock price is uncertain. Investors may react positively to an earnings beat and optimistic guidance, but the stock's recent downward trend and past reactions to earnings reports suggest a cautious outlook.
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