PetMed Express, Inc. Quarterly Earnings Preview

• PetMed Express is set to release its quarterly earnings with an expected EPS of $0.06 and projected revenue of $65 million.
• A conference call is scheduled for June 11, 2024, to discuss Q4 and full fiscal year financial results.
• Financial metrics indicate a mixed picture with a negative P/E ratio but potentially undervalued based on P/S and EV/Sales ratios.

PetMed Express, Inc., known by its NASDAQ:PETS, is gearing up to release its quarterly earnings on Monday, May 27, 2024, before the market opens. Wall Street's expectations are set at an earnings per share (EPS) of $0.06, with projected revenue for the quarter around $65 million. This announcement is particularly significant for investors and analysts who closely monitor the company's financial health and performance. PetMed Express, operating in the competitive online pet pharmacy sector, faces stiff competition from both online and brick-and-mortar retailers offering pet medications and health products.

Following the earnings release, PetMed Express has scheduled a conference call on June 11, 2024, to discuss its financial results for the fourth quarter and the full fiscal year ending March 31, 2024. This call will allow management to provide insights into the company's performance and strategic direction. Interested parties can join the call through specified U.S. and international numbers or follow a webcast, with a replay available post-call until June 25, 2024. This direct communication with PetMed Express's management team offers a valuable opportunity for investors to gauge the company's future prospects.

PetMed Express's financial metrics reveal a complex picture. Despite a negative price-to-earnings (P/E) ratio of -10.41, indicating current unprofitability, other ratios suggest the stock might be undervalued. The price-to-sales (P/S) ratio at 0.31 and the enterprise value-to-sales (EV/Sales) ratio at 0.14 point towards potential undervaluation based on sales revenue. Furthermore, the enterprise value to operating cash flow (EV/OCF) ratio stands at 5.69, highlighting the company's ability to generate cash relative to its enterprise value.

However, the earnings yield is negative at -9.61%, reflecting the company's challenges in achieving profitability. On a more positive note, the debt-to-equity (D/E) ratio is very low at 0.016, indicating minimal debt usage, which is a good sign for financial stability. The current ratio of 1.32 also suggests that PetMed Express is well-positioned to meet its short-term liabilities with its current assets. These financial indicators will be crucial for investors to consider as they assess PetMed Express's earnings report and future potential in the competitive pet medication market.