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

Zacks
23 Dec 2024

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy 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 is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of A. Shares are down 9.8% over the past one week and up 4% over the past four weeks. PETS has lost 33.9% in the last one-year period as well. Looking at trading volume, an average of 317,210.41 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For PETS, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.16 to $0.24 per share for 2025. PETS boasts an average earnings surprise of 266.7%.

PETS should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong 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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