Chegg Reports Third Quarter 2021 Financial Results

Chegg (CHGG) PT Lowered to $60 at Jefferies

Jefferies analyst Brent Thill lowered the price target on Chegg (NYSE: CHGG) to $60.00 (from $90.00) while maintaining a Buy rating.

The analyst commented, "CHGG revenue fell short of consensus for the 1st time in 19 quarters. Further, Q4 guidance for rev and adj... More

Needham & Company Downgrades Chegg (CHGG) to Hold

Needham & Company analyst Ryan MacDonald downgraded Chegg (NYSE: CHGG) from Buy to Hold.

The analyst commented, "We are downgrading Chegg (CHGG) to Hold following the company's 3Q21 results, which saw enrollment declines cause a net 464k decline in subscribers in the current semester.... More

Chegg (CHGG) Stock Crashes 31%, Disappointing Guidance Reflects Industry Slowdown Says CEO, Three Firms Downgrade to Neutral

Chegg (NYSE: CHGG) stock crashed over 31% in pre-open Tuesday after the education company reported disappointing Q3 results and guidance.

Chegg reported Q3 EPS of $0.20, which is in-line with the Street consensus. Revenue for the quarter came in at $171.9 million to miss on the consensus estimate of $174.54 million.

Over the last year and a half, we experienced extraordinary growth and, in midst of a strong year, had a solid third quarter, growing Chegg Services revenue 23% year-over-year. However, in late September it became clear to us that the education industry is... More

Chegg (CHGG) Chegg Shares Plummeted 27% Following Disappointing Q4 Guidance

Chegg (NYSE: CHGG) shares were trading more than 27% lower after-hours after the company reported disappointing third-quarter results and warned for the fourth quarter.

The company reported Q3 results, with EPS coming in at $0.20, in line with the consensus estimate. Quarterly revenue grew 12% year-over-year to... More

Chegg (CHGG) Reports In-Line Q3 EPS, Guidance Misses

Chegg (NYSE: CHGG) reported Q3 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $171.9 million versus the consensus estimate of $174.54 million.

GUIDANCE:

Chegg sees Q4 2021 revenue of $194-196 million, versus the consensus of $240.6... More