Why Chegg’s Stock Is Trading Higher Tuesday
Chegg Inc (NYSE: CHGG) shares are trading higher by 3.2% at $82.30 Tuesday morning after the company reported better-than-expected second-quarter EPS and sales results and raised guidance.
Analyzing Chegg’s Unusual Options Activity
Chegg (NYSE:CHGG) shares experienced unusual options activity on Tuesday. The stock price moved up to $84.48 following the option alert.
Recap: Chegg Q2 Earnings
Shares of Chegg (NYSE:CHGG) rose in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 16.22% over the past year to $0.43, which beat the estimate of $0.37.
Chegg Q2 Adj. EPS $0.43 Beats $0.37 Estimate, Sales $198.48M Beat $189.94M Estimate; Raises Guidance
Chegg (NYSE:CHGG) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.37 by 16.22 percent. This is a 16.22 percent increase over earnings of $0.37 per share from the same period
Earnings Scheduled For August 9, 2021
Companies Reporting Before The Bell
• Privia Health Group (NASDAQ:PRVA) is projected to report quarterly loss at $1.57 per share on revenue of $215.17 million.
Chegg Analysts Bullish After Q1 Report: ‘Balanced Subscriber Beat’
Chegg Inc (NYSE: CHGG) shares traded lower Tuesday after the company reported mixed first-quarter earnings numbers.
Earnings Scheduled For May 3, 2021
Companies Reporting Before The Bell
• Scienjoy Holding (NASDAQ:SJ) is estimated to report quarterly earnings at $0.58 per share on revenue of $540.11 million.