Chewy, Inc. (NYSE:CHWY) is expected to report third quarter earnings results, after market close, on Tuesday 8th December 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.13 per share.
Looking ahead, the full year loss are expected at $ 0.43 per share on the revenues of $ 6839.16 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,700.00 million ~ $ 1,720.00 million
Full Year 2020 topline are forecasted in a range of$ 6,775.00 million ~ $ 6,825.00 million
Click Here For More Historical Outlooks Of Chewy, Inc.
Previous Quarter Performance
Chewy, Inc. recorded loss for the second quarter of $ 0.08 per share, from the revenue of $ 1,700.00 million. The quarterly revenues raised 47.31 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.16 per share from $ 1658.07 million in revenue. The bottom line results beat street analysts by $ 0.08 or 50.00 percent, at the same time, top line results outshined analysts by $ 41.93 million or 2.53 percent.
Stock Performance
Shares of Chewy, Inc. traded low $ -0.16 or -0.21 percent on Monday, reaching $ 74.78 with volume of 4.03 million shares. Chewy, Inc. has traded high as $ 77.83 and has cracked $ 74.16 on the downward trend
According to the previous trading day, closing price of $ 74.78, representing a 263.43 % increase from the 52 week low of $ 20.62 and a 4.54 % decrease over the 52 week high of $ 78.50.
The company has a market capital of $ 30.85 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 16th November 2020, initiated by Needham & Company LLC at Buy rating, with $ 75.00 target price.
- On 13th November 2020, initiated by Piper Sandler at Overweight rating, with $ 90.00 target price.
- On 16th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 100.00 target price.
Conference Call
Chewy, Inc. will be hosting a conference call at 5:00 PM eastern time on 8th December 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-866-270-1533 U.S. or 1-412-317-0797 Toll Number, and the passcode is 10150093 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.chewy.com/
Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications. It offers approximately 45,000 products from 1,600 partner brands.
