Chewy
Chewy Inc. (NYSE: CHWY) is a pure-play e-commerce provider of pet supplies and a subsidiary of privately held PetSmart. Over the past 12 months, the stock has dropped by more than 58%. Almost exactly a year ago, the stock began a decline that bottomed out when shares had dropped by more than 80%. A report last week that a Berkshire Hathaway-owned subsidiary of General Re, New England Asset Management, opened a new position in Chewy stock also provided a boost to the share price.
Analysts remain moderately bullish on the stock. Of 24 brokerages covering the company, 14 have a Buy or Strong Buy rating while nine more have put Hold ratings. At a share price of around $38.10, the upside potential to a median price target of $46.25 is 21.4%. At the high price target of $60.00, the upside potential is 57.5%.
Revenue in the second quarter of fiscal 2023 is forecast to come in at $2.45 billion, up about 1% sequentially and 13.4% higher year over year. Analysts are expecting an adjusted loss per share of $0.12, compared to the prior quarter’s EPS of $0.05 and the year-ago loss of $0.04 per share. For the full fiscal year, analysts forecast a per-share loss of $0.36, compared to last year’s loss per share of $0.17, on sales of $10.26 billion, up 15.4%.
Chewy is not expected to post a full-year profit until fiscal 2025. The current estimate from just three analysts calls for a profit of $0.49. The company does not pay a dividend, and the total shareholder return for the past year was negative 57.6%.
CrowdStrike
Cloud security platform maker CrowdStrike Holdings Inc. (NASDAQ: CRWD) has seen its share price decline by about 28% over the past 12 months. The stock posted its 52-week low in mid-May and its high in early November. Since that high, shares are down by around 34%. CrowdStrike remains an investor favorite, though. The shares are down just 5% for the year to date, while the Nasdaq 100 is down nearly 23%. And since that May low, CrowdStrike is up more than 40%, while the Nasdaq 100 is up 5.3%.
All 31 brokerages covering the firm have Buy or Strong Buy ratings. At a share price of around $194.60, the upside potential based on a median price target of $231.00 is 18.7%. At the high price target of $385.00, the upside potential is 97.8%.
Second-quarter fiscal 2023 revenue is forecast at $516.44 million, up 5.9% sequentially and by 52.9% year over year. Adjusted EPS are forecast at $0.27, down 11.9% sequentially but 145% higher year over year. For the full fiscal year ending in January, analysts expect CrowdStrike to report EPS of $1.21, up 80.5%, on sales of $2.2 billion, up 51.7%.
CrowdStrike stock trades at 160.9 times expected 2023 EPS, 108.2 times estimated 2024 earnings of $1.80 and 72.9 times estimated 2025 earnings of $2.67 per share. The stock’s 52-week range is $130.00 to $298.48. CrowdStrike does not pay a dividend. Total shareholder return for the past year is negative 30.2%.
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