Is it time to Buy before this week’s earning report Chewy (NYSE:CHWY)

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Earnings results for Chewy (NYSE:CHWY)

Chewy, Inc. is expected* to report earnings on 09/10/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.15. The reported EPS for the same quarter last year was $-0.21.

Chewy last released its earnings results on June 9th, 2020. The reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.01. The business earned $1.62 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Its quarterly revenue was up 46.1% on a year-over-year basis. Chewy has generated ($0.63) earnings per share over the last year. Chewy has confirmed that its next quarterly earnings report will be published on Thursday, September 10th, 2020.

Analyst Opinion on Chewy (NYSE:CHWY)

16 Wall Street analysts have issued ratings and price targets for Chewy in the last 12 months. Their average twelve-month price target is $55.79, predicting that the stock has a possible downside of 9.29%. The high price target for CHWY is $70.00 and the low price target for CHWY is $38.00. There are currently 3 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Chewy has received a consensus rating of Buy. The company’s average rating score is 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $55.79, Chewy has a forecasted downside of 9.3% from its current price of $61.50. Chewy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Chewy (NYSE:CHWY)

Chewy does not currently pay a dividend. Chewy does not have a long track record of dividend growth.

Insiders buying/selling: Chewy (NYSE:CHWY)

In the past three months, Chewy insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $76,057,999.00 in company stock. Only 0.40% of the stock of Chewy is held by insiders. 99.32% of the stock of Chewy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Chewy (NYSE:CHWY

Earnings for Chewy are expected to grow in the coming year, from ($0.45) to ($0.14) per share. The P/E ratio of Chewy is -90.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Chewy is -90.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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