News
- Chegg declined 7.5% to $8.60 after the online textbook platform operator estimated lower-than-expected revenue in the first quarter.
Revenue in the fourth quarter declined 8% to $188 million from $205.2 million, net income rebounded to $9.6 million from $1.9 million, and diluted earnings per share rose to 9 cents from 1 cent a year ago.
The company estimated revenue in the first quarter to range between $173 million and $175 million, gross margin between 73% and 74%, and adjusted operating earnings between $43 million and $45 million.
Feb 6, 2024 - Chegg Inc increased 6.3% to $10.66 after the online education and textbook provider reported better-than-expected revenue in the second quarter.
Total revenue in the second quarter declined 6% to $182.8 million from $194.7 million and operating income swung to a loss of $18.7 million from $7.3 million but net income rose to $24.6 million from $7.4 million and diluted earnings per share fell to a loss of 11 cents from a profit of 6 cents a year ago.
Several items impacted GAAP net income in the quarter, including a gain of $53.8 million from the repurchase of some of outstanding convertible debt, which was partially offset by a restructuring charge of $5.7 million announced during the quarter, and a loss contingency of $7.0 million accrued related to a previous gain taken on an equity investment.
Total subscribers declined 9% to 4.8 million and subscription services declined 5% to $165.9 million, or 91% of total net revenue compared to 90% a year ago.
The company forecasted third quarter revenue between $151 million and $153 million and gross margin between 68% and 69% and adjusted operating earnings between $34 million and $36 million.
Aug 8, 2023
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Price
- Last Close
-
$ 2.65
20.73 %
+0.46
Dec 9, 2024
- Trading Volume
- 128,572
- 52-Week High/Low
- $11 - $2
- Market Cap Full
- $ 254.8M
- YTD
- -77%
Returns +
Q
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | -33.4% | -35.5% | 18.2% | -5.2% | -5% | 34.1% | 26.6% | 14.4% | -33.7% | 15.1% | - |
| Q2 | -1.3% | -45.5% | -48.2% | -3% | 4% | 2.3% | 38.4% | 45.6% | 12.1% | -1.4% | - |
| Q3 | - | 0.4% | 12.2% | -18.2% | 8% | -25.3% | 0.1% | 20.8% | 41.8% | -8% | - |
| Q4 | - | 29.7% | 20% | -54.9% | 25.9% | 29.1% | 3.7% | 9.8% | 4.1% | -6.7% | - |
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M
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -13.3% | -9.2% | -15.4% | -5.9% | - | - | - | - | - | - | - | - |
| 2023 | -17.8% | -23.4% | 2.5% | 10.3% | -50% | -1.1% | 14% | 0.9% | -12.7% | -15.7% | 32.1% | 14.5% |
Returns +
A
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CHGG | -77% | -55% | -18% | -66% | 138% | 34% | 74% | 121% | 10% | -3% | -19% |
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