Chegg (CHGG) Set to Announce Earnings on Monday

Chegg (NYSE:CHGG) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect Chegg to post earnings of $0.24 per share for the quarter. Chegg has set its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Chegg (NYSE:CHGG) last announced its earnings results on Monday, February 5th. The technology company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Chegg had a return on equity of 1.27% and a net margin of 2.54%. The company had revenue of $187.99 million for the quarter, compared to analysts’ expectations of $185.94 million. During the same period last year, the firm earned $0.16 EPS. Chegg’s revenue for the quarter was down 8.4% 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 Price Performance

Shares of Chegg stock opened at $7.10 on Friday. Chegg has a one year low of $6.63 and a one year high of $18.71. The stock’s fifty day moving average is $7.77 and its 200 day moving average is $9.08. The stock has a market cap of $721.15 million, a P/E ratio of -44.38, a P/E/G ratio of 1.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.80.

Analysts Set New Price Targets

CHGG has been the topic of a number of recent analyst reports. Piper Sandler Companies cut Chegg to an “underweight” rating and decreased their price target for the company from $9.00 to $8.50 in a report on Tuesday, February 6th. Morgan Stanley decreased their price target on Chegg from $8.50 to $7.00 and set an “underweight” rating on the stock in a report on Friday, April 19th. BMO Capital Markets cut their price objective on Chegg from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Tuesday, February 6th. JPMorgan Chase & Co. cut their price objective on Chegg from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, StockNews.com upgraded Chegg from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Chegg has a consensus rating of “Hold” and an average price target of $10.00.

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.