Chegg Inc reports results for the quarter ended December 31 - Earnings Summary

Chegg

24/02/2025 22:02

* Chegg Inc  CHGG.N  reported quarterly adjusted earnings of
17
cents​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of 36
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 18 cents per share. Wall Street expected
results to range from 14 cents to 22 cents per share.
    * Revenue fell 23.7% to $143.48 million from a year ago;
analysts
expected $142.05 million. 
    * Chegg Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $6.13 million.
    * Chegg Inc shares had fallen by 11.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the professional
information services peer group is also "hold"

Wall Street's median 12-month price target for Chegg Inc is
$1.50 
This summary was machine generated from LSEG data February 24 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.18           0.17           Missed
 Sep. 30 2024      0.08           0.09           Beat
 Jun. 30 2024      0.22           0.24           Beat
 Mar. 31 2024      0.25           0.26           Beat