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Stock impact report

Is This Surging Online Pet Retailer Stock Still a Buy? [The Motley Fool]

PetMed Express, Inc. (PETS) 
Last petmed express, inc. earnings: 7/23 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: 1800petmeds.com/annualreports.jsp
Company Research Source: The Motley Fool
Is This Surging Online Pet Retailer Stock Still a Buy? After this online pet retailer's second-quarter earnings lit a fire underneath its shares yesterday, can it continue to bound higher? Yesterday, PetMed Express ( NASDAQ:PETS ) , an online pet medication and supply company, saw its shares gain 33.74% on nearly 10 times the average daily volume. The company's shares skyrocketed in response to a better-than-expected fiscal second-quarter earnings report released before the opening bell Monday. Can PetMed Express stock continue to head higher or should investors take profits after this sizable one-day gain? Let's break down the company's latest earnings report and long-term outlook to find out. The good: PetMed's second-quarter sales of $69.9 million barely topped FactSet 's consensus estimate by a meager 0.28%. However, the company's Q2 net income of $6.7 million -- or $0.33 diluted per share -- clobbered FactSet's consensus estimate by a healthy 26%. As part of this earnings releas Show less Read more
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