Chegg (CHGG) Reports In-Line Q3 EPS, Guidance Misses
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November 3, 2021 7:38 AM EDT
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
November 2, 2021 7:18 AM EDT
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
November 1, 2021 5:42 PM EDT
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
