Why PetMed Express Inc. Stock Jumped Today
Shares of PetMed Express Inc. (NASDAQ: PETS) soared today after the country's largest pet pharmacy reported strong fiscal first-quarter results. As of 12:32 a.m. EDT, the stock was up 19.3%.
PetMed Express surged past analysts' forecasts once again as revenue increased 10% to $79.7 million, topping the consensus estimate of $77.3 million. A shift to higher-margin products helped generate a 350-basis-point increase in gross margin to 34.5%, which in turn powered a 41% jump in earnings per share to $0.45, beating the consensus estimate of $0.38.
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Source: Fool.com
Petmed Express Inc Stock
€4.52
1.210%
Our community is currently low on Petmed Express Inc with 1 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 18 € is above the current price of 4.52 € for Petmed Express Inc, so the potential is actually 297.97%.
