Chewy (CHWY) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Analysts on Wall Street project that Chewy (CHWY) will announce quarterly earnings of $0.33 per share in its forthcoming report, representing an increase of 37.5% year over year. Revenues are projected to reach $3.08 billion, increasing 7.8% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.Given this perspective, it's time to examine the average forecasts of specific Chewy metrics that are routinely monitored and predicted by Wall Street analysts.The collective assessment of analysts points to an estimated 'Net Sales- Consumables' of $2.14 billion. The estimate points to a change of +6.3% from the year-ago quarter.The consensus among analysts is that 'Net Sales- Other' will reach $612.40 million. The estimate indicates a year-over-year change of +13%.The consensus estimate for 'Net Sales- Hardgoods' stands at $328.46 million. The estimate suggests a change of +9.3% year over year.Analysts expect 'Active Customers' to come in at 20,821 . Compared to the current estimate, the company reported 20,002 in the same quarter of the previous year.It is projected by analysts that the 'Net sales per active customer' will reach $588.68 . The estimate compares to the year-ago value of $565.00 . View all Key Company Metrics for Chewy here>>> Shares of Chewy have demonstrated returns of +15% over the past month compared to the Zacks S&P 500 composite's +2.8% change. With a Zacks Rank #3 (Hold), CHWY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chewy (CHWY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks