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

Petco Health and Wellness (NASDAQ:WOOF) is scheduled to be releasing its 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 listening to the company’s earnings conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. 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 8.0 %

Petco Health and Wellness stock opened at $4.30 on Thursday. The stock’s 50 day moving average price is $4.58 and its 200 day moving average price is $3.72. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $5.94. The company has a market cap of $1.34 billion, a PE ratio of -0.87 and a beta of 1.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24.

Analyst Upgrades and Downgrades

Several brokerages have commented on WOOF. Royal Bank of Canada boosted 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 boosted their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wedbush increased their target price on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, The Goldman Sachs Group lowered their price target on 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.