We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q1 Potential of Chegg (CHGG): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Chegg (CHGG - Free Report) to post quarterly loss of $0.01 per share in its upcoming report, which indicates a year-over-year decline of 103.9%. Revenues are expected to be $114.49 million, down 34.3% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 12.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Chegg metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenue- Skills and Other' of $10.10 million. The estimate indicates a year-over-year change of -50.2%.
According to the collective judgment of analysts, 'Revenue- Subscription Services' should come in at $104.07 million. The estimate points to a change of -32.4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Chegg Services subscribers' will likely reach 3.22 million. The estimate compares to the year-ago value of 4.7 million.
Chegg shares have witnessed a change of +41.7% in the past month, in contrast to the Zacks S&P 500 composite's +11.3% move. With a Zacks Rank #2 (Buy), CHGG is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q1 Potential of Chegg (CHGG): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect Chegg (CHGG - Free Report) to post quarterly loss of $0.01 per share in its upcoming report, which indicates a year-over-year decline of 103.9%. Revenues are expected to be $114.49 million, down 34.3% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 12.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Chegg metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenue- Skills and Other' of $10.10 million. The estimate indicates a year-over-year change of -50.2%.
According to the collective judgment of analysts, 'Revenue- Subscription Services' should come in at $104.07 million. The estimate points to a change of -32.4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Chegg Services subscribers' will likely reach 3.22 million. The estimate compares to the year-ago value of 4.7 million.
View all Key Company Metrics for Chegg here>>>
Chegg shares have witnessed a change of +41.7% in the past month, in contrast to the Zacks S&P 500 composite's +11.3% move. With a Zacks Rank #2 (Buy), CHGG is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>