Chewy (CHWY) Stock Nears Six-Month Lows Ahead of Q3 Earnings
Chewy's stock has tumbled 28% over the past six months, now trading NEAR the lower end of its 52-week range at $33.47. Despite the decline, analysts remain optimistic, with TD Cowen maintaining a Buy rating. The company's high P/E ratio of 95x and beta of 1.6 underscore its volatile, growth-oriented profile.
Investors anticipate $3.09 billion in revenue and $0.30 EPS when Chewy reports earnings on December 10. Institutional buying has partially offset concerns over insider sales, while recurring revenue streams and expansions into pet health services provide long-term growth catalysts.
The pet e-commerce sector faces heightened scrutiny as Chewy's valuation remains elevated despite recent underperformance. Market participants will scrutinize next week's earnings for signs of operational execution matching bullish analyst expectations.
