Chegg (CHGG) to Release Earnings on Monday

Chegg (NYSE:CHGG) will be posting its quarterly earnings results after the market closes on Monday, August 3rd. Analysts expect Chegg to post earnings of $0.20 per share for the quarter. Chegg has set its Q2 2020
After-Hours guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Chegg (NYSE:CHGG) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.20. Chegg had a positive return on equity of 12.53% and a negative net margin of 2.47%. The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $119.48 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. On average, analysts expect Chegg to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:CHGG opened at $80.97 on Friday. Chegg has a 12-month low of $25.89 and a 12-month high of $81.03. The stock has a market cap of $10.01 billion, a PE ratio of -736.09, a P/E/G ratio of 4.16 and a beta of 1.08. The business has a 50 day moving average of $69.16 and a 200-day moving average of $50.58. The company has a quick ratio of 7.93, a current ratio of 7.93 and a debt-to-equity ratio of 1.97.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Chegg from $56.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. BMO Capital Markets cut Chegg from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $54.00 to $67.00 in a report on Monday, May 18th. Raymond James upgraded shares of Chegg from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Tuesday, May 5th. Zacks Investment Research downgraded shares of Chegg from a “buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Northland Securities lifted their price target on shares of Chegg from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $63.11.

In other Chegg news, CEO Daniel Rosensweig sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.81, for a total transaction of $1,786,680.00. Following the completion of the transaction, the chief executive officer now directly owns 2,154,546 shares in the company, valued at $137,481,580.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nathan J. Schultz sold 47,376 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $60.00, for a total transaction of $2,842,560.00. Following the transaction, the insider now owns 284,206 shares of the company’s stock, valued at $17,052,360. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 296,151 shares of company stock valued at $19,337,435. Company insiders own 3.10% of the company’s stock.

About Chegg

Chegg, Inc operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks.

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Earnings History for Chegg (NYSE:CHGG)

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