Petco Health and Wellness (NASDAQ:WOOF) Updates Q4 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOF) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.00-$0.02 for the period, compared to the consensus EPS estimate of $0.03. The company issued revenue guidance of $1.55 billion, compared to the consensus revenue estimate of $1.57 billion. Petco Health and Wellness also updated its Q4 2024 guidance to 0.000-0.020 EPS.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WOOF shares. Wells Fargo & Company increased their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Royal Bank of Canada increased their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. The Goldman Sachs Group dropped their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Citigroup upped their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Wedbush boosted their price objective on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.53.

Petco Health and Wellness Stock Performance

Shares of NASDAQ WOOF traded down $0.15 during trading hours on Thursday, hitting $4.90. 5,876,817 shares of the stock were exchanged, compared to its average volume of 4,479,165. The firm has a market capitalization of $1.53 billion, a P/E ratio of -1.02 and a beta of 1.89. Petco Health and Wellness has a one year low of $1.41 and a one year high of $5.94. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The company’s 50 day moving average is $4.59 and its 200 day moving average is $3.81.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, research analysts expect that Petco Health and Wellness will post -0.23 EPS 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.