Can Chewy Keep the Earnings Surprise Streak Alive?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Chewy (NYSE: CHWY), which belongs to the Zacks Internet – Commerce industry.

When looking at the last two reports, this online pet store has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 63.81%, on average, in the last two quarters.

For the last reported quarter, Chewy came out with earnings of $0.31 per share versus the Zacks Consensus Estimate of $0.21 per share, representing a surprise of 47.62%. For the previous quarter, the company was expected to post earnings of $0.10 per share and it actually produced earnings of $0.18 per share, delivering a surprise of 80%.

Thanks in part to this history, there has …

Full story available on Benzinga.com