Chegg (CHGG) Expected to Announce Earnings on Monday

Chegg (NYSE:CHGG) is projected to announce its earnings results before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $0.13 per share and revenue of $134.12 million for the quarter. Chegg has set its Q4 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Chegg (NYSE:CHGG) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Chegg had a positive return on equity of 2.36% and a negative net margin of 124.05%. The firm had revenue of $136.59 million for the quarter, compared to analyst estimates of $134.12 million. During the same period last year, the company earned ($0.07) earnings per share. Chegg’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, analysts expect Chegg to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Chegg Trading Up 1.0 %

Chegg stock opened at $1.55 on Friday. The firm has a market cap of $161.16 million, a PE ratio of -0.19 and a beta of 1.40. Chegg has a 12 month low of $1.34 and a 12 month high of $10.29. The stock’s 50 day simple moving average is $1.86 and its two-hundred day simple moving average is $1.99. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.31.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Chegg from $2.00 to $1.50 and set an “underweight” rating for the company in a report on Thursday, November 14th. Needham & Company LLC restated a “hold” rating on shares of Chegg in a research note on Thursday, January 16th. Morgan Stanley reaffirmed an “underweight” rating and issued a $1.25 price target (down previously from $2.00) on shares of Chegg in a report on Tuesday, January 14th. Craig Hallum dropped their price objective on Chegg from $3.00 to $1.50 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Northland Securities reduced their target price on Chegg from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Chegg has a consensus rating of “Hold” and an average price target of $4.50.

About Chegg

Chegg, Inc operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside.