Chegg Reports First Quarter 2016 Results

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Go back to Chegg Reports First Quarter 2016 Results

Chegg (CHGG) Beat Expectations and Expanding Services into Writing - Jefferies

May 3, 2016 9:02 AM EDT

Jefferies analyst, Brian Fitzgerald, thinks the focus should be on Chegg (NYSE: CHGG) is growing subs and delivering timely service. Chegg Tutors and Chegg Study grew 37% Y/Y and reached 750K subs . Chegg Tutors is the Co's fastest growing service; in Q1 it achieved mgmt's goal of replying to 85% of requests within 5 mins. Chegg Study answered over 745K... More

Chegg (CHGG) Tops Q1 EPS by 1c

May 2, 2016 4:06 PM EDT

Chegg (NYSE: CHGG) reported Q1 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $66.7 million versus the consensus estimate of $62.86 million.

GUIDANCE:

Chegg sees Q2 2016 revenue of $48-52 million, versus the consensus of $50.1... More