Chegg (CHGG) to Release Quarterly Earnings on Tuesday

Chegg (NYSE:CHGG) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Chegg to post earnings of $0.07 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Chegg Price Performance

Shares of Chegg stock opened at $1.72 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. The firm has a market cap of $175.82 million, a PE ratio of -0.28, a P/E/G ratio of 0.63 and a beta of 1.32. The business has a 50-day moving average price of $1.73 and a 200 day moving average price of $2.85. Chegg has a twelve month low of $1.48 and a twelve month high of $11.48.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHGG. StockNews.com lowered Chegg from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Northland Securities lowered their price target on Chegg from $6.00 to $4.00 and set a “market perform” rating for the company in a report on Monday, October 21st. The Goldman Sachs Group upgraded shares of Chegg from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $3.75 in a report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chegg in a report on Tuesday, August 6th. Finally, Craig Hallum lowered their price objective on Chegg from $7.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, Chegg presently has an average rating of “Hold” and a consensus target price of $5.25.

About Chegg

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.