Covetrus Inc (CVET) Forecast, Price Target & Analyst Ratings

NASDAQ:CVET • US22304C1009

Current stock price

20.99 USD
+0.06 (+0.29%)
At close:
20.99 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Covetrus Inc (CVET).

Forecast Snapshot

Consensus Price Target

Price Target
$21.76
+ 3.67% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 3, 2022
Period
Q3 / 2022
EPS Estimate
$0.27
Revenue Estimate
1.266B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
50.91%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$21.76
Upside
+ 3.67%
From current price of $20.99 to mean target of $21.76, Based on 11 analyst forecasts
Low
$21.21
Median
$21.42
High
$23.10

Price Target Revisions

1 Month
N/A
3 Months
N/A

Price Target Summary

11 Wall Street analysts provided a forecast for the next 12 months for CVET. The average price target is 21.76 USD. This implies a price increase of 3.67% is expected in the next year compared to the current price of 20.99.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CVET Current Analyst RatingCVET Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

CVET Historical Analyst RatingsCVET Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10

Analyst Ratings Consensus

ChartMill Buy Consensus
50.91%
CVET was analyzed by 11 analysts. The buy percentage consensus is at 51. So analysts seem to be rather neutral about CVET.
In the previous month the buy percentage consensus was at a similar level.
CVET was analyzed by 11 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-06-13StifelDowngrade Buy -> Hold
2022-05-26BarclaysDowngrade Overweight -> Equal-Weight
2022-05-25William BlairDowngrade Outperform -> Market Perform
2022-05-23Raymond JamesDowngrade Outperform -> Market Perform
2022-05-23Morgan StanleyMaintains Equal-Weight
2022-05-19Goldman SachsMaintains Sell
2022-05-09BarclaysMaintains Overweight
2022-05-06Raymond JamesMaintains Outperform
2021-11-18Morgan StanleyInitiate Equal-Weight
2021-11-05Raymond JamesMaintains Outperform
2021-08-09BarclaysMaintains Overweight
2021-08-06Raymond JamesMaintains Outperform
2021-07-12GuggenheimUpgrade Neutral -> Buy
2021-03-02Raymond JamesMaintains Outperform
2021-02-17BarclaysInitiate Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 3, 2022
Period
Q3 / 2022
EPS Estimate
$0.27
Revenue Estimate
1.266B
Revenue Q2Q
8.95%
EPS Q2Q
20.36%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
N/A
EPS (3 Months)
N/A

Next Earnings Summary

CVET is expected to report earnings on 11/3/2022. The consensus EPS estimate for the next earnings is 0.27 USD and the consensus revenue estimate is 1.27B USD.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2022 - 2026

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2019 2020 2021 2022 2023 2024 2025 2026
Revenue
YoY % growth
CVET revenue by date.CVET revenue by date.
3.976B
5.24%		4.339B
9.13%		4.575B
5.44%		4.884B
6.74%		5.18B
6.07%		5.511B
6.39%		5.739B
4.15%		6.097B
6.23%
EBITDA
YoY % growth
CVET ebitda by date.CVET ebitda by date.
96M
-54.22%		97M
1.04%		148M
52.58%		278.439M
88.13%		317.247M
13.94%		334.982M
5.59%		360.48M
7.61%		395.678M
9.76%
EBIT
YoY % growth
CVET ebit by date.CVET ebit by date.
-59M
-140.52%		-69M
-16.95%		-23M
66.67%		242.433M
1,154.06%		281.649M
16.18%		298.262M
5.90%		324.689M
8.86%		360.525M
11.04%
Operating Margin
CVET operating margin by date.CVET operating margin by date.
-1.48%-1.59%-0.50%4.96%5.44%5.41%5.66%5.91%
EPS
YoY % growth
CVET eps by date.CVET eps by date.
0.61
7.75%		0.92
50.82%		0.96
3.91%		1.12
16.83%		1.30
15.98%		1.41
8.66%		1.55
10.12%		1.74
12.32%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 22 Q4 / 22 Q1 / 23 Q2 / 23 Q3 / 23 Q4 / 23
EPS
Q2Q % growth		0.27
20.36%		0.29
9.72%		0.28
11.79%		0.30
21.18%		0.33
21.03%		0.34
20.86%
Revenue
Q2Q % growth		1.266B
8.95%		1.242B
10.74%		1.234B
7.49%		1.317B
8.19%		1.332B
5.24%		1.32B
6.21%
EBITDA
Q2Q % growth		72.217M
-41.76%		75.554M
-53.93%		74.154M
61.20%		81.498M
-4.12%		81.396M
12.71%		87.618M
15.97%
EBIT
Q2Q % growth		56.662M
1,516.54%		60.616M
965.95%		58.381M
873.01%		69.045M
1,626.12%		72.726M
28.35%		78.846M
30.07%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CVET Yearly Revenue VS EstimatesCVET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2B 4B 6B
CVET Yearly EPS VS EstimatesCVET Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
13.76%
EPS Next 5 Year
12.74%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
5.57%
Revenue Next 5 Year
5.42%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

Covetrus Inc / CVET Forecast FAQ

What do analysts expect the price target to be for Covetrus Inc (CVET)?

11 analysts have analysed CVET and the average price target is 21.76 USD. This implies a price increase of 3.67% is expected in the next year compared to the current price of 20.99.

Can you provide the upcoming earnings date for Covetrus Inc?

Covetrus Inc (CVET) will report earnings on 2022-11-03, after the market close.

What are the consensus estimates for Covetrus Inc (CVET) next earnings?

The consensus EPS estimate for the next earnings of Covetrus Inc (CVET) is 0.27 USD and the consensus revenue estimate is 1.27B USD.

How many analysts cover Covetrus Inc (CVET) stock?

The number of analysts covering Covetrus Inc (CVET) is 11.