Ecommerce pet care company Chewy Inc (NYSE:CHWY) looks to improve on its falling share price with first-quarter financial results set for Wednesday before market open.
Here are the earnings estimates, analyst ratings, and key items to watch.
Chewy Q1 Earnings Estimates
Analysts expect Chewy to report first-quarter revenue of $3.35 billion, up from $3.12 billion in last year's first quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in five straight quarters and in seven of the last 10 quarters overall.
Analysts expect Chewy to report first-quarter earnings per share of 39 cents, up from 35 cents per share in last year's first quarter.
The company has beaten analyst estimates for earnings per share in five straight quarters and in nine of the last 10 quarters overall.
Guidance from the company after fourth-quarter results called for first-quarter earnings per share in a range of 40 cents to 45 cents per share and revenue in a range of $3.33 billion to $3.36 billion.
Chewy Analyst Ratings and Price Targets
Here are some of the most recent analyst ratings on Chewy stock and their price targets:
- Mizuho: Maintained Outperform rating, lowered price target from $50 to $40
- JPMorgan: Maintained Overweight rating, lowered price target from $40 to $35
- Morgan Stanley: Maintained Overweight rating, lowered price target from $49 to $43
- Barclays: Maintained Overweight rating, lowered price target from $48 to $40
- Citigroup: Maintained Buy rating, lowered price target from $40 to $37
Key Items to Watch
Chewy shares have struggled over the last year and it could take a strong quarter and guidance to turn things around.
The fourth quarter saw autoship customer sales up 4.8% year-over-year, showing strong recurring revenue for the company. Autoship sales were 84% of net sales in the fourth quarter.
Commentary from Chewy management called for margin expansion and the pet industry to see steady and resilient growth.
Chewy gave initial guidance for the full fiscal year, and increasing that range could help boost shares if Chewy's first quarter results are strong.
While management expects a strong 2026 for Chewy and the pet care sector, investors have been hesitant to dive into the stock.
Analysts and investors will be looking for a strong quarter, strong guidance and overall positive comments on the pet care sector.
Chewy Stock Price Action
Chewy shares were down 0.22% at $20.10 on Tuesday versus a 52-week trading range of $19.30 to $46.35. Chewy stock is down 40% year-to-date in 2026 and down 56.8% over the last year.
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