Chewy’s monthly rise outshines S&P 500, Dow and Nasdaq despite unchanged consensus EPS

Must read

‘Oppenheimer’ steamrolls toward Oscars with Screen Actors Guild Award wins

Oppenheimer film billboard in Times Square, NYC on July 29th, 2023.Adam Jeffery | CNBCHistorical epic "Oppenheimer" picked up more prizes on Saturday at Hollywood's...

Smartphone giants like Samsung are going to talk up ‘AI phones’ this year — here’s what that means

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most...

House China committee demands Elon Musk open SpaceX Starshield internet to U.S. troops in Taiwan

Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), in Rome, Dec. 15,...

U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships

The U.S. and Britain struck 18 Houthi targets in Yemen on Saturday, answering a recent surge in attacks by the Iran-backed militia group on...

Chewy's monthly rise outshines S&P 500, Dow and Nasdaq despite unchanged consensus EPS © Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

More articles

Latest article

‘Oppenheimer’ steamrolls toward Oscars with Screen Actors Guild Award wins

Oppenheimer film billboard in Times Square, NYC on July 29th, 2023.Adam Jeffery | CNBCHistorical epic "Oppenheimer" picked up more prizes on Saturday at Hollywood's...

Smartphone giants like Samsung are going to talk up ‘AI phones’ this year — here’s what that means

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most...

House China committee demands Elon Musk open SpaceX Starshield internet to U.S. troops in Taiwan

Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), in Rome, Dec. 15,...

U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships

The U.S. and Britain struck 18 Houthi targets in Yemen on Saturday, answering a recent surge in attacks by the Iran-backed militia group on...

Broadcom reportedly nears $3.8 billion sale of remote access unit to KKR

A sign on the campus offices of chipmaker Broadcom is shown in Irvine, California.Mike Blake | ReutersChipmaker Broadcom is nearing a $3.8 billion deal...