Chegg (NYSE:CHGG) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Chegg (NYSE:CHGG) released its earnings results on Monday. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.14), Zacks reports. Chegg had a positive return on equity of 2.36% and a negative net margin of 124.05%. Chegg updated its Q1 2025 guidance to EPS.

Chegg Stock Up 10.8 %

NYSE CHGG traded up $0.16 during trading hours on Monday, reaching $1.59. 8,453,083 shares of the company traded hands, compared to its average volume of 2,655,329. The stock has a market capitalization of $165.33 million, a PE ratio of -0.20 and a beta of 1.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.31. Chegg has a 12 month low of $1.30 and a 12 month high of $9.14. The company has a 50 day moving average of $1.59 and a two-hundred day moving average of $1.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CHGG shares. Morgan Stanley reiterated 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 reduced their target price on shares of Chegg from $3.00 to $1.50 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Piper Sandler lowered their price target 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. The Goldman Sachs Group cut their price objective on shares of Chegg from $3.75 to $1.75 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, Northland Securities lowered 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. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.17.

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.