Chegg Inc expected to post earnings of 18 cents a share - Earnings Preview

Chegg

21/02/2025 21:29

* Chegg Inc  CHGG.N   CHGG.K  is expected to show a fall in
quarterly revenue when it reports  results on February 24 for
the period ending December 31 2024
    * The Santa Clara California-based  company is expected to
report
a 24.4% decrease in revenue to $142.048 million from $187.99
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on November
12 2024, for the period ended December 31, was for revenue
between $141.00 million and $143.00 million.
    * ​LSEG's mean analyst estimate for Chegg Inc is for
earnings of
18 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Chegg Inc
is
$1.50​, above​ its last closing price of $1.47. ​​​

The company's guidance on November 12 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD141 million and
USD34 million.The company's guidance on November 12 2024 for the
period ended December 31 was for gross profit margin between
USD67% and USD68%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2024  0.08        0.08       0.09      Beat    16.7
 Jun. 30 2024  0.22        0.22       0.24      Beat    7.1
 Mar. 31 2024  0.24        0.25       0.26      Beat    4.8​
 Dec. 31 2023  0.37        0.36       0.36      Met     -0.9
 ​​Sep.        0.18        0.17       0.18      Beat    3.4
 30 2023                                                
 Jun. 30 2023  0.29        0.29       0.28      Missed  -2.3​
 Mar. 31 2023  0.26        0.26       0.27      Beat    5.5
 Dec. 31 2022  0.39        0.38       0.40      Beat    5
 This summary was machine generated February 21 at 21:29 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)