Chegg Announces First Quarter 2023 Earnings

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Go back to Chegg Announces First Quarter 2023 Earnings

Northland Downgrades Chegg (CHGG) to Market Perform, 'ChatGPT Competition and CheggMate Response Will Take Time'

May 2, 2023 9:06 AM EDT

Northland Capital Markets analyst Mike Grondahl downgraded Chegg (NYSE: CHGG) from Outperform to Market Perform with a price target of $15.00.

The analyst comments "CHGG reported 1Q23 revenues, adj. EBITDA and adj. EPS of $187.6M, $57.6M and $0.27 vs. NS at $185.0M, $54.0M and $0.24. Subscription Services... More

Chegg (CHGG) Tops Q1 EPS by 1c, Guidance Misses

May 1, 2023 4:08 PM EDT

Chegg (NYSE: CHGG) reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $187.6 million versus the consensus estimate of $185.2 million.

GUIDANCE:

Chegg sees Q2 2023 revenue of $175-178 million, versus the consensus of $194 million.

With... More