PetSmart Earnings Preview
PetSmart (NAS: PETM) will try to beat its earnings estimates for the third consecutive quarter. The company will unveil its latest earnings on Wednesday. PetSmart is a specialty provider of products and services for pets.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on PetSmart with 11 of 18 analysts rating it hold. Analysts don't like PetSmart as much as competitor Ulta Salon, Cosmetics & Fragrance overall. Six out of 10 analysts rate Ulta Salon, Cosmetics & Fragrance a buy compared to seven of 18 for PetSmart. While analysts still rate the stock a hold, they are a little more optimistic about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $1.49 billion in revenue this quarter. That would represent a rise of 7.2% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.48 per share. Estimates range from $0.47 to $0.49.
What our community says:
CAPS All-Stars are solidly behind the stock with 95.6% granting it an outperform rating. The community at large agrees with the All-Stars with 93.5% assigning it a rating of outperform. Fools are keen on PetSmart and haven't been shy with their opinions lately, logging 248 posts in the past 30 days. Even with a robust four out of five stars, PetSmart's CAPS rating falls a little short of the community's upbeat outlook.
PetSmart's profit has risen year over year by an average of 23.5% over the past five quarters. Revenue has now gone up for three straight quarters.
One final thing: If you want to keep tabs on PetSmart movements, and for more analysis on the company, make sure you add it to your watchlist.
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At the time this article was published
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