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Keep an eye on PETQ tomorrow. They make pet medications and are growing at an impressive pace: 98% quarter-over-quarter sales growth and 39% earnings per share growth. PetIQ just absolutely crushed earnings estimates, reporting $0.64 while the market expected 0.38! They also raised their full-year guidance. More importantly, the stock is up 15% after the close and it is trading at new all-time highs near $32. 37% of its tiny 14-million-shares float is short. There’s a decent potential for a short squeeze in the next few days with a target 35-40.
Here are some interesting comments on Twitter that add a fresh perspective to PetIQ’s numbers:
Crazy $PETQ trades just 1.8X EV/Sales while other animal medication peer $HSKA trades 5.4X and w/ much slower growth!
— Joe Kunkle (@OptionsHawk) August 14, 2018
