PetMed Express, Inc. Second Quarter Earnings Sneak Peek

PetMed Express, Inc. (NASDAQ:PETS) will unveil its latest earnings on Monday, October 24, 2011. PetMed Express is a nationwide pet pharmacy. The company markets prescription and non-prescription pet medications and other health products for dogs, cats, and horses direct to the consumer.

PetMed Express, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 15 cents per share, a decline of 31.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 25% versus last year to 69 cents.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at net income of 22 cents per share against an estimate of profit of. In the fourth quarter of the last fiscal year, the company also missed expectations.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 1.1% in revenue from the year-earlier quarter to $60.6 million.

Analyst Ratings: Analysts are bearish on PetMed Express as four analysts rate it as a sell, one rates it as a buy and three rate it as a hold.

A Look Back: In the first quarter, profit fell 33.1% to $4.8 million (22 cents a share) from $7.2 million (32 cents a share) the year earlier, missing analyst expectations. Revenue fell 1.1% to $73.6 million from $74.4 million.

Key Stats:

Revenue fell in the first quarter after seeing a rise the quarter before. In the fourth quarter of the last fiscal year, revenue rose 1.2%.

Competitors to Watch: Rite Aid Corporation (NYSE:RAD), Walgreen Company (NYSE:WAG), drugstore.com, inc. (NASDAQ:DSCM), China Nepstar Chain Drugstore Ltd. (NYSE:NPD), Graymark Healthcare Inc (NASDAQ:GRMH), CVS Caremark Corporation (NYSE:CVS), Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).

Stock Price Performance: During July 25, 2011 to October 18, 2011, the stock price had fallen $1.81 (-16.2%) from $11.16 to $9.35. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 8, 2010 when shares rose for 10-straight days, rising 13.2% (+$1.94) over that span. It saw one of its worst periods between April 5, 2011 and April 13, 2011 when shares fell for seven-straight days, falling 6.9% (-$1.07) over that span. Shares are down $7.94 (-45.9%) year to date.

(Source: Xignite Financials)

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