Recap: Chewy Q4 Earnings
Portfolio Pulse from Benzinga Insights
Chewy (NYSE:CHWY) reported Q4 earnings with an EPS of $0.18, significantly beating the estimated -$0.04, marking a 550.0% beat. Revenue increased by $123.00 million from the same period last year. Despite past earnings beats, such as last quarter's $0.21 EPS beat, Chewy's share price dropped by 1.0% the following day. This pattern suggests investor reactions to Chewy's earnings may not always align with expectations.
March 20, 2024 | 8:25 pm
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Chewy reported a significant beat on Q4 earnings with an EPS of $0.18 against an estimate of -$0.04 and a revenue increase of $123M from the previous year.
Chewy's substantial earnings beat and revenue increase are likely to positively impact investor sentiment in the short term. However, historical data shows that past earnings beats have not always resulted in a positive share price movement the following day, indicating that while the earnings report is significantly positive, investor reaction may be tempered by past performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100