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
€19.60
-1.190%
The stock is an absolute favorite of our community with 50 Buy predictions and no Sell predictions.
With a target price of 36 € there is a hugely positive potential of 83.72% for Chewy Inc compared to the current price of 19.6 €.
