Barclays Raises Estimates on PetSmart (PETM); Expect Continued Momentum Despite Challenging Macro
Tweet
Share
E-mailGet Alerts PETM Hot Sheet
Price: $82.98 --0%
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on PetSmart (NASDAQ: PETM) price target of $60.00.
Analyst, Alan M. Rifkin, said, "PetSmart reported 1Q EPS of $0.85, which represents an increase of 39% from $0.61 last year. Guidance was for $0.72-$0.74. 1Q same-store sales registered 7.4% versus 5.0% last year and our estimate of 4.5%."
"After raising our estimates last month post our meetings with management, we are once again raising our full-year estimates. Our 2012 EPS estimate increases from $3.16 to $3.30, our 2013 EPS estimate from $3.50 to $3.60 and our 2014 EPS estimate from $4.00 to $4.10. We are also increasing our 2012 comp estimate from 4% to 5%."
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $55.62 yesterday.
Analyst, Alan M. Rifkin, said, "PetSmart reported 1Q EPS of $0.85, which represents an increase of 39% from $0.61 last year. Guidance was for $0.72-$0.74. 1Q same-store sales registered 7.4% versus 5.0% last year and our estimate of 4.5%."
"After raising our estimates last month post our meetings with management, we are once again raising our full-year estimates. Our 2012 EPS estimate increases from $3.16 to $3.30, our 2013 EPS estimate from $3.50 to $3.60 and our 2014 EPS estimate from $4.00 to $4.10. We are also increasing our 2012 comp estimate from 4% to 5%."
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $55.62 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- Deere (DE) PT Raised to $585 at JPMorgan
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
BarclaysSign 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!
