Chegg, Inc. (NYSE:CHGG) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, CHGG is expected to report 2Q20 income of $ 0.32 per share from revenue of $ 136.61 million.
For the full year, analysts anticipate top line of $ 551.05 million, while looking forward to income of $ 1.13 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 135.00 million ~ $ 137.00 million
Full Year 2020 topline are forecasted in a range of$ 522.00 million ~ $ 527.00 million
Click Here For More Historical Outlooks Of Chegg, Inc.
Previous Quarter Performance
Chegg, Inc. unveiled income for the first quarter of $ 0.22 per share, from the revenue of $ 131.59 million. The quarterly earnings developed 46.67 percent while revenues extended 35.09 percent compared with the same quarter last year.
Street analysts expected Chegg, Inc. to report income of $ 0.15 per share on revenue of $ 122.73 million for the first quarter. The bottom line results beat street analysts by $ 0.07 or 46.67 percent, at the same time, top line results outshined analysts by $ 8.86 million or 7.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CHGG was $ 80.97, representing a 212.75 % increase from the 52 week low of $ 25.89 and a 0.07 % decrease over the 52 week high of $ 81.03.
The company has a market capital of $ 10.01 billion and is part of the Consumer Defensive sector and Education & Training Services industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by KeyBanc at Overweight rating, with $ 86.00 target price.
- On 30th June 2020, downgraded by Citigroup to Neutral from Buy rating, with $ 66.00 target price.
- On 30th June 2020, initiated by KeyBanc at Overweight rating, with $ 80.00 target price.
- On 22nd June 2020, maintained by Jefferies Financial Group at Buy rating, with $ 80.00 target price.
- On 5th June 2020, maintained by Needham & Company LLC at Buy rating, with $ 70.00 target price.
Conference Call
Chegg, Inc. will be hosting a conference call at 4:30 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.chegg.com
Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks.
