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

Petco Health and Wellness (NASDAQ:WOOF) will issue 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.Parties that are interested in participating in the company’s 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 for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates 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 business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned ($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 Performance

Shares of WOOF opened at $4.30 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $5.94. The stock has a 50 day moving average price of $4.58 and a 200 day moving average price of $3.72. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -0.87 and a beta of 1.92.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WOOF shares. Royal Bank of Canada increased their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Citigroup lifted their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. The Goldman Sachs Group dropped their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Wedbush boosted their price objective on Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness 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.