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

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) is scheduled to be issuing its quarterly earnings data 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 participating in the company's earnings conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting analysts' consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business posted ($0.01) EPS. The business's revenue for the quarter was down .5% on a year-over-year basis. 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 Trading Up 8.0 %

WOOF opened at $4.30 on Thursday. The business's 50-day simple moving average is $4.58 and its 200-day simple moving average is $3.72. The company has a market cap of $1.34 billion, a P/E ratio of -0.87 and a beta of 1.92. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. Petco Health and Wellness has a one year low of $1.41 and a one year high of $5.94.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Citigroup raised their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. The Goldman Sachs Group decreased their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Wells Fargo & Company increased their price objective on 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 increased their price objective on 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $3.49.

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.