Best Buy Co., Inc. (BBY), PetSmart, Inc. (PETM): Three Predictions for Next Week

PetSmart, Inc. (NASDAQ:PETM) is a leading retailer of pets and pet supplies. It also provides some basic veterinary and boarding services. Another thing it does is make analysts look like perpetual underachievers. If analysts say the company posted a profit of $0.96 a share in its latest quarter, I’ll whip out a “greater than” sign. History’s on my side!

One of my best tricks to beating the market is finding stocks that perpetually land ahead of the prognosticators. Let’s go over the past year of earnings reports.

Source: Thomson Reuters.

Things can change, of course. We already saw the country’s largest retailer post a surprising dip in same-store sales for its latest quarter last week. What if folks are holding back on their pets? A tight economy may also mean skimping on pet care and treats, if not scaling back on actual pet purchases.

However, it’s hard to argue against the trend. Everything seems to be falling into place for another market-thumping quarter on the bottom line.

Three for the road
Well, there are three predictions right there. Let’s see how I fare this week.

The article 3 Predictions for Next Week originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends PetSmart and Stratasys and owns shares of Stratasys.

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