Why Chewy (CHWY) Might be Well Poised for a Surge
CHWYChewy(CHWY) ZACKS·2024-09-05 01:20

Chewy (CHWY) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this online pet store is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions an ...