PetIQ, Inc. (NASDAQ:PETQ) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PETQ is expected to report 3Q20 income of $ 0.16 per share from revenue of $ 166.28 million.
For the full year, analysts anticipate top line of $ 785.36 million, while looking forward to income of $ 1.00 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 160.00 million ~ $ 170.00 million
Full Year 2020 topline are forecasted in a range of$ 780.00 million ~ $ 780.00 million
Click Here For More Historical Outlooks Of PetIQ, Inc.
Previous Quarter Performance
PetIQ, Inc. outlined income for the second quarter of $ 0.70 per share, from the revenue of $ 266.98 million. The quarterly earnings 311.76 percent while revenues escalated 21.01 percent compared with the same quarter last year.
Street analysts expected PetIQ, Inc. to report income of $ 0.45 per share on revenue of $ 251.49 million for the second quarter. The bottom line results beat street analysts by $ 0.25 or 55.56 percent, at the same time, top line results outshined analysts by $ 15.49 million or 6.16 percent.
Stock Performance
Shares of PetIQ, Inc. traded up $ 0.70 or 2.34 percent on Wednesday, reaching $ 30.66 with volume of 410.60 thousand shares. PetIQ, Inc. has traded high as $ 31.11 and has cracked $ 29.63 on the downward trend
The closing price of $ 30.66, representing a 89.26 % increase from the 52 week low of $ 15.83 and a 23.16 % decrease over the 52 week high of $ 38.99.
The company has a market capital of $ 876.01 million and is part of the Healthcare sector and Drug Manufacturers – Specialty & Generic industry.
Conference Call
PetIQ, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.petiq.com
PetIQ, Inc. operates as a pet health and wellness company. It operates through two segments, Products and Services.
