PetMed Express Earnings Preview
While PetMed Express (NAS: PETS) missed estimates last quarter, investors hope that it will bounce back and outpace Wall Street expectations this quarter. The company will unveil its latest earnings on Monday. PetMed Express is a nationwide pet pharmacy. The company markets prescription and non-prescription pet medications and other health products for dogs, cats, and horses direct to the consumer.
What analysts say:
- Buy, sell, or hold?: Analysts like PetMed Express better than competitor China Nepstar Chain Drug overall. Zero out of two analysts rate China Nepstar Chain Drug a buy compared to one of eight for PetMed Express. Analysts haven't adjusted their rating of PetMed Express for the past three months.
- Revenue forecasts: On average, analysts predict $60.6 million in revenue this quarter. That would represent a decline of 1.1% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.15 per share. Estimates range from $0.13 to $0.16.
What our community says:
CAPS All-Stars are solidly behind the stock with 96.4% assigning it an outperform rating. The community at large concurs with the All-Stars with 97% awarding it a rating of outperform. Fools are keen on PetMed Express and haven't been shy with their opinions lately, logging 323 posts in the past 30 days. Even with a robust four out of five stars, PetMed Express' CAPS rating falls a little short of the community's upbeat outlook.
PetMed Express' income has fallen year over year by an average of 26.1% over the past five quarters. The company's gross margin shrank by 3.8 percentage points in the last quarter. Revenue fell 1.1% while cost of sales rose 4.9% to $49.5 million from a year earlier.
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At the time this article was published