Chegg (CHGG) Projected to Post Quarterly Earnings on Monday

Chegg (NYSE:CHGG - Get Free Report) will likely be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $142.05 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Chegg Stock Down 2.3 %

NYSE:CHGG traded down $0.04 during trading hours on Thursday, hitting $1.47. The company's stock had a trading volume of 1,613,404 shares, compared to its average volume of 2,545,050. The stock has a market capitalization of $152.81 million, a P/E ratio of -0.18 and a beta of 1.41. The stock has a fifty day moving average of $1.61 and a 200-day moving average of $1.82. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.31. Chegg has a 52-week low of $1.30 and a 52-week high of $9.14.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHGG shares. Needham & Company LLC reissued a "hold" rating on shares of Chegg in a report on Thursday, January 16th. Craig Hallum decreased their target price on shares of Chegg from $3.00 to $1.50 and set a "hold" rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group cut their price target on shares of Chegg from $3.75 to $1.75 and set a "neutral" rating for the company in a report on Thursday, November 14th. Morgan Stanley reissued an "underweight" rating and set a $1.25 price target (down from $2.00) on shares of Chegg in a report on Tuesday, January 14th. Finally, Northland Securities dropped their target price on shares of Chegg from $4.00 to $3.00 and set a "market perform" rating for the company in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $2.17.

About Chegg

Chegg, Inc operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside.