* Chegg Inc is expected to show a fall in quarterly revenue when it reports results on April 29 for the period ending March 31 2024
* The Santa Clara California-based company is expected to report a 7.2% decrease in revenue to $174.096 million from $187.6 million a year ago, according to the mean estimate from 13 analysts, based on LSEG data.The company's guidance on February 5 2024, for the period ended March 31, was for revenue between $173.00 million and $175.00 million.
* LSEG's mean analyst estimate for Chegg Inc is for earnings of 25 cents per share.
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 4 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in the last three months.
* Wall Street's median 12-month price target for Chegg Inc is $10.00, above its last closing price of $7.10.
The company's guidance on February 5 2024 for the period ended March 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD173 million and USD45 million.The company's guidance on February 5 2024 for the period ended March 31 was for gross profit margin between USD73% and USD74%. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.37 0.36 0.36 Met -0.9
Sep. 30 2023 0.18 0.17 0.18 Beat 3.4
Jun. 30 2023 0.29 0.29 0.28 Missed -2.3
Mar. 31 2023 0.26 0.26 0.27 Beat 5.5
Dec. 0.39 0.38 0.40 Beat 5
31 2022
Sep. 30 2022 0.15 0.14 0.21 Beat 54.3
Jun. 30 2022 0.34 0.33 0.36 Beat 8.6
Mar. 31 2022 0.25 0.24 0.32 Beat 31.6
This summary was machine generated April 26 at 22:06 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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