CHWY - Chewy's Latest Analyst Ratings Raise Eyebrows: What's Brewing Behind the Pet Retail Giant's Numbers? | Benzinga
BofA analyst Curtis Nagle reiterated an Underperform rating on the American online retailer of pet food Chewy, Inc (NYSE: CHWY) with a price target of $16.
Nagle previewed Chewy’s 3Q23 earnings likely on December 6. For 3Q, the analyst projected revenue and EBITDA of $2.76 billion and $57 million vs. Street at $2.75 billion and $63 million.
For 4Q, the analyst lowered estimates on weak 4Q BAC aggregated credit and debit card data and expected customer net adds to remain negative vs. Street’s expectation for a return to growth in 4Q.
He now estimates 4Q revenue and EBITDA of $2.92 billion and $86 million, down from $2.95 billion and $94 million, and is now ...