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

Chegg

05/02/2024 22:38

* Chegg Inc  CHGG.N  reported quarterly adjusted earnings of
36
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of 36 cents per share. Wall Street expected
results to range from 29 cents to 44 cents per share.
    * Revenue fell 8.4% to $187.99 million from a year ago;
analysts
expected $187.35 million. 
    * Chegg Inc's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $9.67
million.
    * Chegg Inc shares had fallen by 15.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 13
"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
$10.35 
This summary was machine generated from LSEG data February 5 at
10:38 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 2023      0.36           0.36           Met
 Sep. 30 2023      0.17           0.18           Beat
 Jun. 30 2023      0.29           0.28           Missed
 Mar. 31 2023      0.26           0.27           Beat