Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Earnings Preview: Covetrus

Covetrus (NASDAQ:CVET) is set to give its latest quarterly earnings report on Thursday, 2022-02-24. Here's what investors need to know before the announcement.

Analysts estimate that Covetrus will report an earnings per share (EPS) of $0.25.

Covetrus bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.00, which was followed by a 1.83% increase in the share price the next day.

Here's a look at Covetrus's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 0.23 0.24 0.17
EPS Actual 0.23 0.26 0.21 0.21
Price Change % 1.83% -10.71% -0.2% -6.21%

Stock Performance

Shares of Covetrus were trading at $17.68 as of February 22. Over the last 52-week period, shares are down 50.65%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.