Chegg (NYSE:CHGG) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Chegg (NYSE:CHGG - Get Free Report) issued its quarterly earnings data on Monday. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.14), Zacks reports. Chegg had a negative net margin of 124.05% and a positive return on equity of 2.36%. The firm had revenue of $143.48 million during the quarter, compared to analyst estimates of $142.05 million. Chegg updated its Q1 2025 guidance to EPS.

Chegg Stock Down 0.5 %

Shares of NYSE CHGG traded down $0.01 during midday trading on Thursday, hitting $1.03. 5,145,438 shares of the stock traded hands, compared to its average volume of 3,236,242. The company has a market cap of $106.91 million, a PE ratio of -0.13 and a beta of 1.41. Chegg has a one year low of $0.94 and a one year high of $9.14. The business has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $1.78. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.91 and a current ratio of 0.91.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley reaffirmed an "underweight" rating and issued a $1.25 price objective (down from $2.00) on shares of Chegg in a report on Tuesday, January 14th. The Goldman Sachs Group reduced their target price on Chegg from $3.75 to $1.75 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Northland Securities reduced their target price on Chegg from $4.00 to $3.00 and set a "market perform" rating on the stock in a report on Wednesday, November 13th. Piper Sandler reduced their target price on Chegg from $1.50 to $1.00 and set an "underweight" rating on the stock in a report on Tuesday. Finally, Craig Hallum reduced their target price on Chegg from $3.00 to $1.50 and set a "hold" rating on the stock in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $2.08.

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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.