PetSmart (NASDAQ: PETM), a pet related goods and services provider, is scheduled to report Q1 2012 earnings after today's market close. At 4:30pm, PetSmart is expected to broadcast its conference call on its website. The company has released earnings that beat consensus analyst expectations for each of the previous five quarters.
For this quarter, the consensus analyst estimates are close to $0.73 for PetSmart's EPS and $1.6 billion for its revenue. The consensus analyst estimate for this quarter's EPS has risen by $0.03 since 90 days ago. At the analyst consensus of $0.73, this quarter's EPS would represent growth of almost 20% from actual EPS in the same quarter last year. For the quarter ending this July, analysts expect earnings per share close to $0.65 and revenue near $1.6 billion.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Insiders have increased their total stake in PetSmart by close to 30% over the past six months. The company has a trailing price-to-earnings ratio of around 22 and a forward price-to-earnings ratio near 16. Shares of PetSmart have risen nearly 9% year to date vs about 5% for the S&P 500 Index. Today, shares were trading approximately $0.28 or .5% higher.
Disclosure: At the time of this writing, I did not own shares of any companies mentioned in this post.