Chewy Q2 Earnings Preview: Analysts Say Market Leader Well-Positioned As 'Pet Is A Growing And Highly Attractive Category'
Portfolio Pulse from Chris Katje
Chewy Inc (NYSE:CHWY) is set to report its Q2 earnings on August 28, with analysts expecting revenue of $2.86 billion and earnings of 2 cents per share. The company has a strong track record of beating estimates and is well-positioned in the growing online pet market. Analysts have mixed ratings, with price targets ranging from $20 to $35. Key areas to watch include new business verticals like healthcare and the performance of Chewy's veterinarian clinics.
August 26, 2024 | 5:03 pm
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Chewy is expected to report Q2 earnings with revenue of $2.86 billion and EPS of 2 cents. The company has consistently beaten estimates and is positioned well in the online pet market. Analysts have mixed ratings, with price targets from $20 to $35.
Chewy has a strong history of beating earnings estimates, which could positively impact the stock price. The company's position in the growing online pet market and new business ventures like healthcare and vet clinics are potential growth drivers. Mixed analyst ratings suggest varied expectations, but the overall sentiment leans positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100