Chegg (NYSE:CHGG) Announces Earnings Results, Misses Expectations By $0.14 EPS

Chegg (NYSE:CHGG) posted its earnings results on Monday. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Price Performance

Shares of NYSE CHGG opened at $1.59 on Tuesday. Chegg has a 1-year low of $1.30 and a 1-year high of $9.14. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.91 and a quick ratio of 0.91. The business’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.80. The firm has a market capitalization of $165.33 million, a PE ratio of -0.20 and a beta of 1.41.

Wall Street Analysts Forecast Growth

CHGG has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Chegg in a research note on Thursday, January 16th. Piper Sandler reduced their target price on Chegg from $2.00 to $1.50 and set an “underweight” rating for the company in a research note on Thursday, November 14th. The Goldman Sachs Group reduced their target price on Chegg from $3.75 to $1.75 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Craig Hallum reduced their target price on Chegg from $3.00 to $1.50 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Morgan Stanley restated an “underweight” rating and set a $1.25 price objective (down from $2.00) on shares of Chegg in a research note on Tuesday, January 14th. Three 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 company has an average rating of “Hold” and an average price target 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.