Chewy Stock: Is the Recovery for Real?
For the second quarter in a row, Chewy (NYSE: CHWY) stock soared on its earnings report.
On Wednesday, shares of the online pet products seller jumped 11% after it posted modest revenue growth in the second quarter, but profits soared as it delivered strong margin expansion.
Revenue rose 2.6% to $2.86 billion, matching estimates, while adjusted earnings per share jumped from $0.15 to $0.24, ahead of the consensus of $0.01. That's the third straight quarter the company smashed earnings estimates.
Source Fool.com
Chewy Inc Stock
€24.52
-2.520%
The stock is one of the favorites of our community with 37 Buy predictions and 4 Sell predictions.
With a target price of 27 € there is a slightly positive potential of 10.14% for Chewy Inc compared to the current price of 24.52 €.
