Chegg (NYSE:CHGG) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Chegg (NYSE:CHGG) posted its quarterly earnings results on Monday. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.14), Zacks reports. Chegg had a positive return on equity of 2.36% and a negative net margin of 124.05%. Chegg updated its Q1 2025 guidance to EPS.

Chegg Price Performance

NYSE:CHGG traded up $0.16 during mid-day trading on Monday, hitting $1.59. 8,453,083 shares of the company’s stock traded hands, compared to its average volume of 2,655,329. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.80. Chegg has a 1 year low of $1.30 and a 1 year high of $9.14. The company has a market cap of $165.33 million, a PE ratio of -0.20 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Craig Hallum cut their target price on Chegg from $3.00 to $1.50 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Morgan Stanley reiterated an “underweight” rating and issued a $1.25 price objective (down previously from $2.00) on shares of Chegg in a research report on Tuesday, January 14th. Piper Sandler decreased their target price on shares of Chegg from $2.00 to $1.50 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Northland Securities lowered their price target on shares of Chegg from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of Chegg from $3.75 to $1.75 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Chegg presently has a consensus rating of “Hold” and an average price target of $2.17.

Chegg Company Profile

Chegg, Inc operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside.