Chegg (CHGG) Projected to Post Quarterly Earnings on Monday

Chegg (NYSE:CHGG - Get Free Report) is anticipated to release its earnings data before the market opens on Monday, February 3rd. Analysts expect Chegg to post earnings of $0.13 per share and revenue of $134.12 million for the quarter. Chegg has set its Q4 2024 guidance at EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

Chegg (NYSE:CHGG - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Chegg had a negative net margin of 124.05% and a positive return on equity of 2.36%. The company had revenue of $136.59 million for the quarter, compared to analyst estimates of $134.12 million. During the same quarter in the prior year, the business posted ($0.07) EPS. Chegg's quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts expect Chegg to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Chegg Stock Up 3.1 %

Shares of CHGG stock traded up $0.05 on Tuesday, hitting $1.49. The company's stock had a trading volume of 1,889,321 shares, compared to its average volume of 2,643,593. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $154.90 million, a price-to-earnings ratio of -0.19 and a beta of 1.41. Chegg has a fifty-two week low of $1.34 and a fifty-two week high of $9.75. The firm's fifty day moving average price is $1.83 and its 200-day moving average price is $1.95.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Northland Securities decreased their price target on Chegg from $4.00 to $3.00 and set a "market perform" rating for the company in a research note on Wednesday, November 13th. Morgan Stanley reiterated an "underweight" rating and set a $1.25 price target (down previously from $2.00) on shares of Chegg in a report on Tuesday, January 14th. Needham & Company LLC restated a "hold" rating on shares of Chegg in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their target price on shares of Chegg from $3.75 to $1.75 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Finally, Piper Sandler cut their target price on shares of Chegg from $2.00 to $1.50 and set an "underweight" rating for the company in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.50.

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.