Chegg Inc expected to post earnings of 25 cents a share - Earnings Preview

Chegg

26/04/2024 23:06

* Chegg Inc  CHGG.N   CHGG.K  is expected to show a fall in
quarterly revenue when it reports  results on April 29 for the
period ending March 31 2024
    * The Santa Clara California-based  company is expected to
report
a 7.2% decrease in revenue to $174.096 million from $187.6
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on February
5 2024, for the period ended March 31, was for revenue between
$173.00 million and $175.00 million.
    * ​LSEG's mean analyst estimate for Chegg Inc is for
earnings of
25 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 10
"hold" and 4 "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
$10.00​, above​ its last closing price of $7.10. ​​​

The company's guidance on February 5 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD173 million and USD45 million.The
company's guidance on February 5 2024 for the period ended March
31 was for gross profit margin between USD73% and USD74%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  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​
 Mar. 31 2023  0.26        0.26       0.27      Beat    5.5
 ​​Dec.        0.39        0.38       0.40      Beat    5
 31 2022                                                
 Sep. 30 2022  0.15        0.14       0.21      Beat    54.3​
 Jun. 30 2022  0.34        0.33       0.36      Beat    8.6
 Mar. 31 2022  0.25        0.24       0.32      Beat    31.6
 This summary was machine generated April 26 at 22:06 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)