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What are the forecasts for Chewy's Q1 report?

What are the forecasts for Chewy's Q1 report?
Asked by
Craig Nicholas categorie-icon time-icon3 months ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon3 months ago

Chewy (NYSE:CHWY) will announce its Q1 fiscal 2019 financial results on 18th July. The company, which is one of the most trusted online destinations for pet food and other pet supplies, has just recently been listed on the New York Stock Exchange. Chewy’s IPO consisted of 46.5 million shares, each priced $22.

The company is looking to be in great shape from the perspective of sales, as the pet industry seems to be booming. Pet ownership rates have increased, which greatly benefits the company. However, the company is facing some strong competition, which is likely to make matters a bit more difficult.

The Zacks Consensus Estimate for the Q1 2019 forecasting a loss of $0.06 per share. The Zacks Consensus Estimate estimates revenues to come out at $1.1bn. Chewy carries a Zacks Rank #3 (Hold). However, its Earnings ESP is currently 0.00%, which makes analysts less confident about whether the company will beat the estimates.

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