Petco Health and Wellness (WOOF) to Release Quarterly Earnings on Thursday

Petco Health and Wellness (NASDAQ:WOOF) is set to announce its earnings results after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Petco Health and Wellness has set its Q3 guidance at $(0.04)-(0.03) EPS and its Q3 2024 guidance at -0.040–0.030 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. On average, analysts expect Petco Health and Wellness to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Petco Health and Wellness Stock Up 5.3 %

NASDAQ WOOF opened at $5.17 on Wednesday. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $5.94. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.61 billion, a PE ratio of -1.04 and a beta of 1.89. The stock’s 50 day moving average is $4.56 and its 200 day moving average is $3.78.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WOOF shares. The Goldman Sachs Group lowered their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada upped their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Citigroup upped their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company upped their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Wedbush upped their target price on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and an average target price of $3.49.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.