Chegg, Inc. (CHGG) Releases Earnings Results, Misses Expectations By $0.01 EPS

Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.01. Chegg had a negative return on equity of 12.67% and a negative net margin of 14.32%. The business had revenue of $56.40 million for the quarter, compared to the consensus estimate of $58.68 million. During the same period in the prior year, the business posted $0.14 earnings per share. Chegg’s revenue was down 7.5% on a year-over-year basis.

Chegg (NYSE:CHGG) opened at 7.40 on Tuesday. The stock’s market capitalization is $675.97 million. The stock has a 50 day moving average price of $7.29 and a 200-day moving average price of $7.21. Chegg has a one year low of $3.15 and a one year high of $8.57.

Earnings History for Chegg (NYSE:CHGG)

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CHGG has been the subject of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating on shares of Chegg in a research note on Thursday, November 17th. Zacks Investment Research raised Chegg from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Monday, November 21st. J P Morgan Chase & Co restated a “buy” rating and set a $10.00 price objective on shares of Chegg in a report on Thursday, November 17th. Craig Hallum restated a “hold” rating and set a $8.00 price objective on shares of Chegg in a report on Saturday, January 14th. Finally, Lake Street Capital raised their price objective on Chegg from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, November 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Chegg has a consensus rating of “Buy” and an average price target of $9.06.

Chegg Company Profile

Chegg, Inc is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. It matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States.

5 Day Chart for NYSE:CHGG

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