Petco Health & Wellness to Modestly Beat Fiscal Q1 Estimates, Reaffirm 2026 Guidance, RBC Says
Petco Health & Wellness (WOOF) is expected to modestly beat expectations for fiscal Q1 and reaffirm its full-year guidance, RBC Capital Markets analysts said in a Thursday note.The company is scheduled to report its fiscal Q1 financial results on June 3."We believe a modest beat, continued optimism on a top-line recovery and reaffirmed guidance despite higher fuel costs would be enough for a positive reaction," RBC said.Analysts expect the company to post fiscal Q1 adjusted earnings of $0.03 per share, compared with a FactSet consensus estimate of $0.01.RBC said that Petco is well positioned to raise its market share in the US pet category, driven by its revised company strategy, structurally advantaged real-estate portfolio, and vet expansion opportunity.Analysts have an outperform rating and a $4 price target on the stock.Price: $2.97, Change: $-0.06, Percent Change: -1.82%