Petco Health and Wellness (NASDAQ:WOOF) Releases Q4 2024 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOF) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.000-0.020 for the period, compared to the consensus estimate of 0.040. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Petco Health and Wellness also updated its Q4 guidance to $0.00-$0.02 EPS.

Petco Health and Wellness Trading Down 3.0 %

Shares of Petco Health and Wellness stock traded down $0.15 during trading on Thursday, hitting $4.90. The company’s stock 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 current ratio of 0.84 and a quick ratio of 0.24. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $5.94. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -0.99 and a beta of 1.89. The stock has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $3.81.

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

Wall Street Analyst Weigh In

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

About Petco Health and Wellness

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.