Petco Health and Wellness (NASDAQ:WOOF) Issues Q3 2024 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOF) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -0.040–0.030 for the period, compared to the consensus estimate of -0.030. 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 Q3 guidance to $(0.04)-(0.03) EPS.

Analyst Ratings Changes

A number of research analysts have commented on WOOF shares. Royal Bank of Canada raised their target price on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the company an outperform rating in a research report on Friday, May 24th. Citigroup raised their price objective on Petco Health and Wellness from $3.00 to $4.00 and gave the company a neutral rating in a research report on Friday, July 19th. Needham & Company LLC reiterated a buy rating and issued a $5.00 target price on shares of Petco Health and Wellness in a report on Thursday, May 23rd. Wedbush restated an outperform rating and issued a $5.00 price target (up from $4.00) on shares of Petco Health and Wellness in a report on Thursday, July 18th. Finally, UBS Group lifted their price objective on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a neutral rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Petco Health and Wellness presently has a consensus rating of Hold and an average price target of $3.36.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF traded up $0.22 during trading hours on Tuesday, hitting $3.07. 7,491,409 shares of the company’s stock traded hands, compared to its average volume of 4,606,199. The company has a market cap of $954.09 million, a price-to-earnings ratio of -0.62 and a beta of 1.88. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $5.01. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.21 and a current ratio of 0.85. The company’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $2.72.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned ($0.01) earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, equities analysts anticipate that Petco Health and Wellness will post -0.24 EPS for the current fiscal year.

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.