For the quarter ended December 2023, Chegg (CHGG - Free Report) reported revenue of $187.99 million, down 8.4% over the same period last year. EPS came in at $0.36, compared to $0.40 in the year-ago quarter.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $186.12 million. With the consensus EPS estimate being $0.35, the EPS surprise was +2.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Chegg performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Chegg Services subscribers: 4,600 thousand versus the four-analyst average estimate of 4,602.41 thousand.
- Revenue- Skills and Other: $19.16 million compared to the $21.21 million average estimate based on six analysts.
- Revenue- Subscription Services: $168.44 million compared to the $165.05 million average estimate based on six analysts.
View all Key Company Metrics for Chegg here>>>Shares of Chegg have returned -11.2% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended December 2023, Chegg (CHGG - Free Report) reported revenue of $187.99 million, down 8.4% over the same period last year. EPS came in at $0.36, compared to $0.40 in the year-ago quarter.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $186.12 million. With the consensus EPS estimate being $0.35, the EPS surprise was +2.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Chegg performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Chegg Services subscribers: 4,600 thousand versus the four-analyst average estimate of 4,602.41 thousand.
- Revenue- Skills and Other: $19.16 million compared to the $21.21 million average estimate based on six analysts.
- Revenue- Subscription Services: $168.44 million compared to the $165.05 million average estimate based on six analysts.
View all Key Company Metrics for Chegg here>>>Shares of Chegg have returned -11.2% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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