Chewy doesn't appear a compelling earnings-beat candidate. Find the latest Earnings Report Date for Chewy, Inc. Class A Common Stock (CHWY) at Nasdaq.com. Q.ai, LLC is a wholly owned subsidiary of Quantalytics Holdings, LLC (“Quantalytics”). The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. For the last reported quarter, it was expected that Chewy would post a loss of $0.17 per share when it actually produced a loss of $0.04, delivering a surprise of +76.47%. Chewy Inc. operates as an online pet retailer. B-RATED STOCKS are those stocks our Big Data multi-factor models score as moderately probable to rise in price. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. The pet e-commerce retailer Chewy faces key tests this week. EarningsWhispers is the most trusted source for real earnings expectations - relied on by more people than any other earnings-dedicated web site: The Wall Street Journal says EarningsWhispers is the only provider of real whisper numbers from securities analysts: A Bloomberg News study found EarningsWhispers to be the most accurate source of earnings … Last week, Chewy stock broke out over $46 and has so far maintained those gains. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. New book on the way: Psychological Analysis For Markets. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. So, this combination indicates that Chewy will most likely beat the consensus EPS estimate. Chewy last announced its earnings data on September 10th, 2020. This online pet store is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -37.5%. View our full suite of financial calendars and market data tables, all for free. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. All rights reserved, Chewy Announces Second Quarter 2020 Financial Results. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. To see all exchange delays and terms of use please see disclaimer. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. Enjoy investing in undervalued businesses and watching them grow. Total Enterprise Value to Total Revenue (ttm). The reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. Do Not Sell My Information. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 After Chewy’s first IPO filing in late April, we are looking at what we can learn about pet industry valuations, both from trading data and what is buried deep in SEC filings — in the form of fairness opinions filed around M&A activity in the sector. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Learn more. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Learn everything you need to know about successful options trading with this three-part video course. A … CEO Sumit Singh, in an interview last month, talked about his priorities for the company. Today, you can download 7 Best Stocks for the Next 30 Days. You may opt-out by. On the other hand, if they miss, the stock may move lower. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Shares fell from $32 in February to sub-$22 - the IPO price from June 2019 - less than a month later. The business earned $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. Chewy Inc. is based in Dania Beach, United States. Any data, information, or opinions expressed in any form may change without notice. Investor & Host of The #SmartMoneyCircle Podcast: Visit: SmartMoneyCircle.com for more. All Rights Reserved. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Earnings Chewy (NYSE:CHWY) Earnings Information. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Earnings Whisper. Now We’ll See If It Can Win Wall Street’s. Looking for new stock ideas? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Without earnings, I would really like the setup in Chewy with a rotation over the current high. The business has momentum, as does the stock. The market expects Chewy (CHWY) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2020. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Chewy has generated ($0.63) earnings per share over the last year. Let’s see how it trades on the report. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The firm had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.64 billion. Get short term trading ideas from the MarketBeat Idea Engine. Chewy Founder Ryan Cohen, Who Sold His Company For $3 Billion, Shares His Best Advice, Taye Diggs Partners With Quaker Chewy To Help Bring Summer Camp Experience Home, Chewy’s Path To Profitability Gets Shorter, As Online Shift Speeds Up. Forbes Contributor. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Last week, Chewy stock broke out over $46 and has so far maintained those gains. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Chewy, Inc. is a subsidiary of PetSmart, Inc. Pay Attention To How The Stock Reacts To The News: From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. From 9-5 Job To $2.8M Trading From Home—How? For millions of families across the U.S., this summer has offered a unique circumstance as the summer camps, programs and sports leagues children look forward to are either canceled or have gone virtual because of the coronavirus pandemic. A close above that can start to open up further upside, perhaps between $54 and $57.80, which is between the 123.6% and 138.2% extension from the March low to the April high. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. It makes sense for Chewy stock to be trading at all-time highs. Consequently, any such data, information, or opinions do not in any way represent a personal recommendation to any individual investor or any entities, whatever the type. Identify stocks that meet your criteria using seven unique stock screeners. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This has resulted in an Earnings ESP of +100%. Zacks Investment Research, Election 2020: Betting markets see Trump losing as battlegrounds shift toward Biden. Chewy  (CHWY) - Get Report stock continues to consolidate near its all-time highs, as investors prep for the company’s earnings report after the close of trading Tuesday. Why Has Chewy Stock Trended 30% Lower Since Its IPO? Earnings Whisper. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. These stocks are the best “BUYS” for investors. While the stock jumped to about $35 per share on the day of its listing, from its IPO price of $22, it has declined by about 30% since then, trading at levels of around $25 currently.. Online retailer Chewy outlined its plans for growth and its path to profitability in its first earnings conference call with investors. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. © American Consumer News, LLC dba MarketBeat® 2010-2020. Learn more. However, if shares dip following earnings, see how $46 does as support. Any data, information, or opinions presented by Quantalytics are for general information purposes only.