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In a month marked by underperformance in the , Dow, and Nasdaq, online pet products retailer Chewy (NYSE:) has shown resilience with a monthly rise of 7.27%. This gain outperformed the S&P 500’s monthly loss of -2.21%, the Dow’s 0.67% gain, and the Nasdaq’s 1.64% gain, as well as the Consumer Staples sector’s modest 0.12% gain. Despite closing at $19.14 on Thursday, underperforming the day’s gains in major indexes, Chewy has demonstrated a positive trajectory over the past month.
Looking ahead, Chewy’s earnings report due on December 6, 2023, projects an impressive 1000% EPS growth to $0.11 and a 10.8% revenue increase to $2.81 billion. These projections indicate positive changes from the previous year and contribute to the market’s confidence in Chewy’s business performance.
Analysts continue to express confidence in Chewy’s business performance, suggesting that the company is poised for growth despite some market uncertainties. The combination of strong projected earnings growth and robust revenue increase underscores Chewy’s potential to continue its upward trend in the coming months.
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