Chegg Inc reports results for the quarter ended September 30 - Earnings Summary

Chegg

13/11/2024 14:26

* Chegg Inc  CHGG.N  reported quarterly adjusted earnings of
9
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 18
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 4 cents to 12 cents per share.
    * Revenue fell 13.5% to $136.59 million from a year ago;
analysts
expected $134.12 million. 
    * Chegg Inc's reported EPS for the quarter was a loss of
$2.05​.
    * The company reported a quarterly loss of $212.64 million.
    * Chegg Inc shares had held steady so far this quarter and
lost 84.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
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," 12
"hold" and 2 "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 2.00
This summary was machine generated from LSEG data November 13 at
02:26 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
 Sep. 30 2024      0.08           0.09           Beat
 Jun. 30 2024      0.22           0.24           Beat
 Mar. 31 2024      0.25           0.26           Beat
 Dec. 31 2023      0.36           0.36           Met