Chegg (CHGG) to Release Earnings on Tuesday

Chegg (NYSE:CHGG - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Chegg (NYSE:CHGG - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Chegg had a positive return on equity of 2.10% and a negative net margin of 91.74%. The company had revenue of $163.10 million during the quarter, compared to analysts' expectations of $160.02 million. During the same quarter last year, the company earned $0.01 EPS. Chegg's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, analysts expect Chegg to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Chegg Price Performance

CHGG traded up $0.12 on Tuesday, hitting $1.79. 2,714,518 shares of the company were exchanged, compared to its average volume of 3,574,644. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.89 and a current ratio of 0.89. The stock's fifty day moving average is $1.76 and its 200-day moving average is $2.97. Chegg has a 12 month low of $1.48 and a 12 month high of $11.48.

Analyst Upgrades and Downgrades

CHGG has been the topic of several analyst reports. Craig Hallum dropped their price target on shares of Chegg from $7.00 to $3.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Northland Securities reduced their price target on Chegg from $6.00 to $4.00 and set a "market perform" rating for the company in a report on Monday, October 21st. Morgan Stanley lowered their price target on Chegg from $3.25 to $3.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 6th. Piper Sandler cut their price objective on Chegg from $6.00 to $2.00 and set an "underweight" rating for the company in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Chegg in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.25.

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.