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

Chegg (NYSE:CHGG) released its quarterly earnings data on Monday. The technology company reported $0.03 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 Trading Up 10.8 %

NYSE:CHGG traded up $0.16 during midday trading on Monday, reaching $1.59. 9,431,228 shares of the stock traded hands, compared to its average volume of 2,675,136. The stock has a market capitalization of $165.33 million, a P/E ratio of -0.20 and a beta of 1.41. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $1.59 and a 200 day moving average of $1.80. Chegg has a 12 month low of $1.30 and a 12 month high of $9.14.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CHGG shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Chegg in a report 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 report on Thursday, November 14th. Morgan Stanley reissued an “underweight” rating and issued a $1.25 price target (down from $2.00) on shares of Chegg in a report on Tuesday, January 14th. The Goldman Sachs Group lowered their price objective on Chegg from $3.75 to $1.75 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, 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 report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.17.

Chegg Company Profile

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.