Chegg (CHGG) closed the most recent trading day at $69.20, moving -1.79% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.34%. Elsewhere, the Dow gained 2.13%, while the tech-heavy Nasdaq added 0.94%.
Heading into today, shares of the provider of online textbook rental services had gained 18.68% over the past month, outpacing the Computer and Technology sector’s gain of 7.45% and the S&P 500’s gain of 3.92% in that time.
Wall Street will be looking for positivity from CHGG as it approaches its next earnings report date. This is expected to be August 3, 2020. In that report, analysts expect CHGG to post earnings of $0.34 per share. This would mark year-over-year growth of 47.83%. Meanwhile, our latest consensus estimate is calling for revenue of $136.76 million, up 45.7% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts