Petco Health and Wellness (NASDAQ:WOOF) Releases Q2 2024 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOF) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.020–0.020 for the period, compared to the consensus estimate of -0.020. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WOOF shares. Royal Bank of Canada dropped their price objective on shares of Petco Health and Wellness from $3.50 to $2.70 and set an outperform rating on the stock in a report on Friday, March 15th. UBS Group reduced their price objective on shares of Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a research report on Wednesday, March 20th. Robert W. Baird reduced their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a research report on Thursday, March 14th. Wells Fargo & Company cut their price objective on shares of Petco Health and Wellness from $3.00 to $2.00 and set an equal weight rating for the company in a research report on Monday, March 25th. Finally, Citigroup cut their price objective on shares of Petco Health and Wellness from $2.85 to $1.75 and set a neutral rating for the company in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness presently has a consensus rating of Hold and an average target price of $2.96.

Petco Health and Wellness Stock Down 5.0 %

WOOF opened at $2.45 on Wednesday. The firm has a 50 day moving average price of $1.89 and a 200 day moving average price of $2.61. The company has a market cap of $753.06 million, a PE ratio of -0.51 and a beta of 1.27. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $10.31. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. Petco Health and Wellness’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. Sell-side analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Petco Health and Wellness Company Profile

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.