They're about to roar.
Florida-based pet products e-tailer Chewy ($CHWY) is seeing job postings and consumers' app engagement soaring, and it could power some good news for investors when it announces earnings Monday, March 9. Analysts tracked by Zacks Investment Research are looking for EPS losses of -$0.15 per share - so perhaps part of this hiring binge Chewy has embarked upon will be responsible for chipping into those top-line gains.
Yes, Chewy's IPO hasn't been exactly on fire since its June 2019 debut. However, job postings are near all-time highs, and are up 26% year-over-year. There are plenty of IPOs that, after making a market debut, had to scale back on hiring (and then there are those that failed to IPO, that had to cut everything).
Chewy's data isn't reflecting that, and it may be time to listen to executives' guidance on what they're expecting - and where they're hiring. Chewy's digital business is robust.
Chewy ratings submitted via the Google ($GOOG) Play Store began to shoot up in early 2019 - not necessarily because it failed to attract users on the platform, it's important to note. Today, Chewy's app in the Google Play store is quickly closing in on 30,000 ratings, a great sign for engagement. That's not all - in fact, Chewy's Apple ($AAPL) Store Ratings Count is even higher than what it's tallied via the Google platform.
So, that's job postings near an all-time high, rising engagement in a growing app platform, and massive engagement via Apple's platform - all at a time when consumers are looking for ways to be out of the house less and lower their risk of being infected by the global Coronavirus outbreak.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.