Chegg (NYSE:CHGG) Announces Earnings Results

Chegg (NYSE:CHGG - Get Free Report) posted its earnings results 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 positive return on equity of 2.36% and a negative net margin of 124.05%. The company had revenue of $143.48 million during the quarter, compared to the consensus estimate of $142.05 million. Chegg updated its Q1 2025 guidance to EPS.

Chegg Trading Down 0.5 %

NYSE:CHGG traded down $0.01 during mid-day trading on Thursday, reaching $1.03. 5,145,438 shares of the company's stock traded hands, compared to its average volume of 3,236,242. The company has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.78. The firm has a market capitalization of $106.91 million, a price-to-earnings ratio of -0.13 and a beta of 1.41. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.91 and a quick ratio of 0.91. Chegg has a 12-month low of $0.94 and a 12-month high of $9.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CHGG shares. The Goldman Sachs Group reduced their price target on Chegg from $3.75 to $1.75 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. 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. Needham & Company LLC restated a "hold" rating on shares of Chegg in a report on Tuesday. Morgan Stanley reaffirmed an "underweight" rating and issued a $1.25 price objective (down from $2.00) on shares of Chegg in a research note on Tuesday, January 14th. Finally, Northland Securities lowered their target price on shares of Chegg from $4.00 to $3.00 and set a "market perform" rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $2.08.

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Chegg Company Profile

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.