Petco Health and Wellness (NASDAQ:WOOF) Issues Q2 2024 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOF) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.020–0.020 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Petco Health and Wellness also updated its Q2 guidance to $(0.02) EPS.

Petco Health and Wellness Trading Up 17.6 %

Shares of WOOF stock opened at $2.88 on Thursday. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $10.31. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.24. The stock’s 50 day simple moving average is $1.90 and its two-hundred day simple moving average is $2.61. The company has a market cap of $885.23 million, a PE ratio of -0.60 and a beta of 1.27.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. Research analysts predict that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a buy rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday. Wells Fargo & Company reduced their price target on Petco Health and Wellness from $3.00 to $2.00 and set an equal weight rating on the stock in a report on Monday, March 25th. Citigroup reduced their price target on Petco Health and Wellness from $2.85 to $1.75 and set a neutral rating on the stock in a report on Tuesday, May 7th. Evercore ISI reduced their price target on Petco Health and Wellness from $4.00 to $3.00 and set an in-line rating on the stock in a report on Friday, March 15th. Finally, Bank of America reiterated an underperform rating and issued a $1.50 price target (down from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $2.96.

About Petco Health and Wellness

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.