Chegg Inc expected to post earnings of 8 cents a share - Earnings Preview

Chegg

08/11/2024 21:41

* Chegg Inc  CHGG.N   CHGG.K  is expected to show a fall in
quarterly revenue when it reports  results on November 12 for
the period ending January 1 0001
    * The Santa Clara California-based  company is expected to
report
a 15.0% decrease in revenue to $134.118 million from $157.85
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on August 5
2024, for the period ended September 30, was for revenue between
$133.00 million and $135.00 million.
    * ​LSEG's mean analyst estimate for Chegg Inc is for
earnings of 8
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 12
"hold" and 2 "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
3.00​, above​ its last closing price of $1.72. ​​​

The company's guidance on August 5 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD133 million and
USD21 million.The company's guidance on August 5 2024 for the
period ended September 30 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  
 Jan. 1 0001   0.22        0.22       0.24      Beat    7.1
 Jan. 1 0001   0.24        0.36       0.26      Missed  4.8
 Dec. 31 2023  0.37        0.36       0.36      Met     -0.9​
 Jan. 1 0001   0.18        0.17       0.18      Beat    3.4
 ​​Jun.        0.29        0.29       0.28      Missed  -2.3
 30 2023                                                
 Mar. 31 2023  0.26        0.26       0.27      Beat    5.5​
 Dec. 31 2022  0.39        0.38       0.40      Beat    5
 Jan. 1 0001   0.15        0.14       0.21      Beat    54.3
 This summary was machine generated November 8 at 21:41 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)