PetSmart Earnings Preview: Can This Streak Continue?

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PetSmart (NASDAQ:PETM) will report earnings after markets close on Wednesday, May 22nd. PetSmart, Inc. is a specialty retailer of products and services for pets. The Company operates pet superstores in the United States and Canada, as well as a pet supply catalog business, and an equity interest in PetSmart.com. PetSmart provides pet food and supplies, and offers full-service veterinary, grooming and pet training services.

Here is your Cheat Sheet to Petsmart Earnings:

Earnings Expectations: Analysts expect earnings of $0.96 per share on revenues of $1.72 billion. Currently, the company’s P/E ratio stands at 19.63.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.85 and has not changed. For the current year, the average estimate is a profit of $3.91, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Petsmart has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 5,065 5,336 5,694 6,113 6,758
Diluted EPS ($) 1.52 1.59 2.01 2.55 3.55

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 1,638 1,630 1,620 1,630 1,879
Diluted EPS ($) 0.9045 0.85 0.71 0.75 1.240

Past Performance:
Petsmart has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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