initial public offerings (IPOs) trading on American exchanges

Monday, March 11, 2019

PetIQ (PETQ) reported earnings on Mon 11 March 19 (a/h)

** charts before earnings **



 




** charts after earnings **



** 2 weeks later **



PetIQ reports Q4 (Dec) results, beats on revs; guides FY19 revs in-line
  • Reports Q4 (Dec) loss of $0.16 per share, may not be comparable to the S&P Capital IQ Consensus of ($0.04); revenues rose 113.9% year/year to $111 mln vs the $98.72 mln S&P Capital IQ Consensus.
    • Adjusted EBITDA of $6.5 million compared to $3.6 million, an increase of 82%.
  • Co issues in-line guidance for FY19, sees FY19 revs of At least $600 mln vs. $602.19 mln S&P Capital IQ Consensus.
    • Adjusted EBITDA of at least $51 million, an increase greater than 23% from growth of 86% in 2018;
    • The opening of at least 80 veterinarian wellness clinics
  • 2023 Outlook
    • Net sales of approximately $1.0 billion;
    • Adjusted EBITDA margin of greater than 15%;
    • Wellness center locations of 1,000.

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