Chegg Inc expected to post earnings of 22 cents a share - Earnings Preview

Chegg

03/08/2024 03:04

* Chegg Inc  CHGG.N   CHGG.K  is expected to show a fall in
quarterly revenue when it reports  results on August 5 for the
period ending June 30 2024
    * The Santa Clara California-based  company is expected to
report
a 12.5% decrease in revenue to $159.978 million from $182.85
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on April 29
2024, for the period ended June 30, was for revenue between
$159.00 million and $161.00 million.
    * ​LSEG's mean analyst estimate for Chegg Inc is for
earnings of
22 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 11
"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
$6.00​, above​ its last closing price of $3.00. ​​​

The company's guidance on April 29 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD159 million and USD40 million.The
company's guidance on April 29 2024 for the period ended June 30
was for gross profit margin between USD70% and USD71%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.24        0.25       0.26      Beat    4.8
 Dec. 31 0001  0.37        0.36       0.36      Met     -0.9
 Sep. 30 2023  0.18        0.17       0.18      Beat    3.4​
 Jun. 30 2023  0.29        0.29       0.28      Missed  -2.3
 ​​Jan.        0.26        0.26       0.40      Beat    5.5
 1 0001                                                 
 Jan. 1 0001   0.39                   0.40              5​
 Jan. 1 0001   0.15                   0.21              54.3
 Jan. 1 0001   0.34        0.33       0.36      Beat    8.6
 This summary was machine generated August 3 at 02:04 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)