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

Petco Health and Wellness (NASDAQ:WOOF) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.00-$0.02 for the period, compared to the consensus earnings per share 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 Analyst Weigh In

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

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF traded down $0.15 during mid-day trading on Thursday, reaching $4.90. The company had a trading volume of 5,876,817 shares, compared to its average volume of 4,479,165. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. Petco Health and Wellness has a one year low of $1.41 and a one year high of $5.94. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -1.02 and a beta of 1.89. The business’s 50-day simple moving average is $4.59 and its 200 day simple moving average is $3.81.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, research analysts predict that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal 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.