PetMed (PETS) Shares Falling as Noble Downgrades to Sell Following Disappointing Earnings
Tweet Send to a FriendGet Alerts PETS Hot Sheet
Price: $13.07 --0%
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade PETS Now!
Shares of PetMed Express (NASDAQ: PETS) have tumbled intraday following a mid-day downgrade from an analyst at Noble Financial. Although still higher from yesterday's close, the stock sunk nearly 2.5% minutes after the analyst research note was issued. PETS shares last traded at $14.97.
Noble Financial now rates PetMed shares a Sell, down from Hold previously.
The firm called PetMed's Q3 results, reported yesterday morning, "light even on our more conservative outlook on weaker than expected new order sales; a new low as a percent of total sales." Shares of PetMed fell almost 5% yesterday following the quarterly results.
Noble reduced its Q4 EPS estimate for PetMed from 24c to 22c, its FY11 EPS estimate from 97c to 95c and its FY12 estimate from $1.18 to 99c. The Street is currently looking for Q4 EPS of 20c, FY11 EPS of 98c and FY12 EPS of $1.07.
For more ratings news on PetMed Express click here and for the rating history of PetMed Express click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Noble Financial now rates PetMed shares a Sell, down from Hold previously.
The firm called PetMed's Q3 results, reported yesterday morning, "light even on our more conservative outlook on weaker than expected new order sales; a new low as a percent of total sales." Shares of PetMed fell almost 5% yesterday following the quarterly results.
Noble reduced its Q4 EPS estimate for PetMed from 24c to 22c, its FY11 EPS estimate from 97c to 95c and its FY12 estimate from $1.18 to 99c. The Street is currently looking for Q4 EPS of 20c, FY11 EPS of 98c and FY12 EPS of $1.07.
For more ratings news on PetMed Express click here and for the rating history of PetMed Express click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- Societe Generale Downgrades EQT Corp. (EQT) to Hold
Create E-mail Alert Related Categories
DowngradesRelated Entities
Noble Financial, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
