CHEWY, INC (CHWY)
EARNINGS RELEASE - SEPTEMBER 10 (AMC)
THIS QTR: EPS: -.16/share REV: 1,690/M
NEXT QTR: EPS: -.12/share REV: 1,700/M
FULL YR: EPS: -.46/share REV: 6,850/M
LAST QTR: EPS: -.16/share ACTUAL: -.12/share (BEAT)
BEAT/MISS RECORD: 0% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -5.78, 9.35, 7.91
EXPECTED JUMP MOVE THIS QUARTER: 8-10+%
*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
The ESG megatrend has taken the world by storm, and its newest spinoff could become a $4.2 trillion industry in just a few short years
Online pet supply company Chewy (NYSE: CHWY) received a major boost today when a Jefferies analyst turned strongly bullish, giving the stock a $100 price target. Not only does the new price target represent an approximate 54% upside over the share price at the start of trading today, but it’s also a 33.6% lift above the stock’s highest-ever price to date, set on Sept. 2 this year, of $74.84. Seeking Alpha reported that among the factors contributing to Jefferies’ upgrade of the stock, the analyst Stephanie Wissink mentioned the increase of “digital fluent” millennial pet owners.
How we shop, what we buy, and even what we think about brands has shifted significantly this year, and some companies were better-prepared for the changes than others.
During Q2, Chewy (NYSE: CHWY) brought in sales totaling $1.70 billion. However, earnings decreased 32.04%, resulting in a loss of $32.27 million. Chewy collected $1.62 billion in revenue during Q1, but reported earnings showed a $47.49 million loss.What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q2, Chewy posted an ROCE of 0.09%.Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future.View more earnings on CHWYReturn on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders.In Chewy's case, the positive ROCE ratio will be something investors pay attention to before making long-term financial decisions.Q2 Earnings Insight Chewy reported Q2 earnings per share at $-0.08/share, which beat analyst predictions of $-0.16/share.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Benzinga's Top Upgrades, Downgrades For October 16, 2020 * 12 Consumer Cyclical Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Yahoo Finance speaks with Petco CEO Ron Coughlin about one key decision he just made to better the lives of pets.
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