Chegg (CHGG) reported $136.59 million in income for the quarter ended September 2024, representing a year-over-year decline of 13.5%. EPS of $0.09 for a similar interval compares to $0.18 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $133.78 million, representing a shock of +2.10%. The corporate delivered an EPS shock of +28.57%, with the consensus EPS estimate being $0.07.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s value efficiency.
Right here is how Chegg carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Chegg Providers subscribers: 3.83 million versus 4.06 million estimated by three analysts on common.
- Income- Abilities and Different: $16.79 million versus the five-analyst common estimate of $16.56 million. The reported quantity represents a year-over-year change of -6.4%.
- Income- Subscription Providers: $119.80 million in comparison with the $117.18 million common estimate based mostly on 5 analysts. The reported quantity represents a change of -14.4% yr over yr.
View all Key Company Metrics for Chegg here>>>
Shares of Chegg have returned +24% over the previous month versus the Zacks S&P 500 composite’s +3.3% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out in step with the broader market within the close to time period.
5 Shares Set to Double
Every was handpicked by a Zacks professional because the #1 favourite inventory to achieve +100% or extra in 2024. Whereas not all picks will be winners, earlier suggestions have soared +143.0%, +175.9%, +498.3% and +673.0%.
A lot of the shares on this report are flying underneath Wall Road radar, which supplies an incredible alternative to get in on the bottom flooring.
Today, See These 5 Potential Home Runs >>
Chegg, Inc. (CHGG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
