Chewy Stock Closes Slightly Higher But Underperforms Broader Market; Analysts Bullish on Growth Prospects Despite Near-Term Headwinds
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Chewy (CHWY) stock closed at $17.46, up 0.11% on the day, but underperforming the broader market indexes.
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Shares have declined 8.16% over the past month, lagging the Consumer Staples sector and S&P 500.
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Chewy is expected to post Q4 EPS of $0.10, down 37.5% year-over-year, on revenue growth of 3.69% to $2.81 billion.
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Analysts have revised EPS estimates upward by 4.69% over the past 30 days; CHWY has a Zacks Rank #1 (Strong Buy).
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At current levels, CHWY trades at a higher valuation (P/E 24.66x) than industry peers (17.33x) but has strong growth prospects (PEG 1.08x).