Here's Why PetMed (PETS) is a Strong Momentum Stock

Zacks
14 Nov 2024

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

PetMed (PETS)

PetMed Express, operating as 1-800-PetMeds, is a leading nationwide pet pharmacy. The company, founded in 1996, is headquartered at Pompano Beach, FL. PetMed Express’ product line contains approximately 750 SKUs catering to dogs, cats, and horses. These products include brands of medication such as Frontline Plus, K9 Advantix, Advantage, Heartgard Plus, Sentinel and Interceptor.

PETS sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is up 25% and up 30.3% over the past one-week and four-week period, respectively, and PetMed has lost 34.1% in the last one-year period as well. Additionally, an average of 366,516.41 shares were traded over the last 20 trading sessions.

A company's earnings performance is important for momentum investors as well. For fiscal 2025, one analyst revised their earnings estimate higher in the last 60 days for PETS, while the Zacks Consensus Estimate has increased $0.16 to $0.24 per share. PETS also boasts an average earnings surprise of 266.7%.

Investors should take the time to consider PETS for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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PetMed Express, Inc. (PETS) : Free Stock Analysis Report

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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