PetIQ Inc reports results for the quarter ended in March - Earnings Summary

• PetIQ Inc PETQ reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of five analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 37 cents to 50 cents per share.

• Revenue rose 6.2% to $308.44 million from a year ago; analysts expected $300.49 million.

• The company reported quarterly net income of $14.91 million.

• PetIQ Inc shares had fallen by 3.4% this quarter and lost 10.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the pharmaceuticals peer group is also "buy"

Wall Street's median 12-month price target for PetIQ Inc is $29.00

This summary was machine generated from LSEG data May 9 at 04:18 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)