Chewy (CHWY, $28.78) beats Q1 earnings expectations
Chewy posted its first quarter earnings that handily topped analysts expectations.
The pet retail company’s earnings for the quarter came in at $0.04 EPS, compared to the consensus estimate of a loss of ($0.13), MarketWatch Earnings reports.
Revenue rose +13.7% from the year-ago quarter to $2.43 billion during the quarter, vs. analysts’ expectations of $2.41 billion.
CHWY sees MACD Histogram crosses below signal line
CHWY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 24, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 41 instances where the indicator turned negative. In of the 41 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CHWY as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHWY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CHWY entered a downward trend on May 11, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CHWY's RSI Indicator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHWY advanced for three days, in of 222 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHWY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CHWY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (60.241) is normal, around the industry mean (18.894). CHWY's P/E Ratio (250.000) is considerably higher than the industry average of (72.605). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.605). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (1.279) is also within normal values, averaging (8.407).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CHWY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company which operates as a web-based, pet supplies e-tailer.
Industry InternetRetail
CHWY and
Correlation & Price change
A.I.dvisor indicates that over the last year, CHWY has been loosely correlated with ETSY. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if CHWY jumps, then ETSY could also see price increases.
| Ticker / NAME | Correlation To CHWY | 1D Price Change % | ||
|---|---|---|---|---|
| CHWY | 100% | -0.98% | ||
| ETSY - CHWY | 63% Loosely correlated | -3.55% | ||
| RVLV - CHWY | 62% Loosely correlated | +2.75% | ||
| W - CHWY | 61% Loosely correlated | +11.92% | ||
| JMIA - CHWY | 61% Loosely correlated | +0.73% | ||
| MELI - CHWY | 58% Loosely correlated | -2.54% | ||
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