PetSmart Beats Estimates Again

PetSmart Beats Estimates Again

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PetSmart (PETM) operates as a specialty retailer of supplies and services for pets, including food, grooming, health care, toys and more. They have an online store and over 1,200 storefronts, and also run boarding under the PetsHotels brand, and veterinary services under the name of Banfield. When it comes to a pure play on the pet industry, this company stands out among the competition.

Earnings reported May 22 beat first quarter expectations of $0.73 per share with $0.85 per share at $95 million total. The shares responded during extended hours by climbing almost 10%, according to The Street. The company has reported earnings beating estimates for the past six straight quarters.

The company’s revenue rose 9% to $1.63 billion. They also raised their full-year outlook from $3.02-$3.16 per share to $3.19-$3.31 per share. Analysts had expected a full-year outlook of $3.11.

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PetSmart has been showing strong earnings growth for the past year and a half, consistently beating analyst expectations. The stock has gained over 43% during the same period.

Their main competition comes from privately held PetCo and larger retail companies like Wal-Mart (WMT) and Target (TGT).

Use Kapitall tools to analyze PetSmart and other companies that sell pet supplies and services. Do you think PetSmart will maintain their success?

Interactive Chart: Press Play to compare changes in market cap for PETM, PETS, WMT, SWY, TGT, and SPB: 

 

 

Interactive Chart: Use the Turbo Chart to compare the stock performance of PETM and PETS against the performance of the S&P 500 Index (SPX):

 

 

 

(Written by Danny Guttridge)

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