* Chegg Inc reported quarterly adjusted earnings of 9 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 4 cents to 12 cents per share.
* Revenue fell 13.5% to $136.59 million from a year ago; analysts expected $134.12 million.
* Chegg Inc's reported EPS for the quarter was a loss of $2.05.
* The company reported a quarterly loss of $212.64 million.
* Chegg Inc shares had held steady so far this quarter and lost 84.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 2.3% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the professional information services peer group is also "hold"
Wall Street's median 12-month price target for Chegg Inc is 2.00 This summary was machine generated from LSEG data November 13 at 02:26 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.08 0.09 Beat
Jun. 30 2024 0.22 0.24 Beat
Mar. 31 2024 0.25 0.26 Beat
Dec. 31 2023 0.36 0.36 Met
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