Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Chegg

Chegg, Inc. operates a learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades and test scores. The firm offers required and non-required scholastic materials including textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, college and university matching tools and scholarship connections. Its services include Chegg study, writing, tutors and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

Earnings data Q1 2021

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Earnings data Q1 2023

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Chegg exceeds Q4 expectations, eyes global expansion and pricing evolution

Chegg's Q4 2022 performance showcased strong financial results, strategic investments in technology, and a positive outlook for future growth.
The company's strengths lie in pricing power, customer retention, ESG recognition, and a focus on enhancing user experience through AI and global expansion.
Challenges include pricing strategy changes, managing costs amidst investments, and potential market competition, requiring careful navigation for sustained success.
Opportunities for Chegg include exploring new subscription models, global expansion, AI enhancements, and evolving the pricing matrix to drive revenue and profitability.

Chegg surpasses Q1 expectations, focuses on AI and global growth

Chegg's Q1 performance exceeded expectations, driven by strong revenue and EBITDA figures. The company's strategic strengths lie in AI investments, personalized tools, and global accessibility. Challenges include cautious outlook and expense management, while opportunities exist in high-margin businesses and personalized learning offerings.

Chegg surpasses Q2 expectations, focuses on AI and global growth

Chegg's Q2 2023 performance exceeded expectations, with strong revenue and subscriber growth.
The focus on AI, partnerships, and community-building showcases Chegg's commitment to enhancing student experiences.
While facing challenges in net income and market differentiation, Chegg is well-positioned to capitalize on opportunities in AI, global expansion, and engagement.

Chegg surpasses Q3 expectations, eyes AI-driven growth opportunities

Chegg's strong Q3 performance, AI investments, and international growth highlight its market resilience.
The company's focus on bespoke content, partnerships, and marketing strategies strengthens its competitive edge.
Challenges in internal restructuring and pricing strategies require careful navigation for sustained growth.
Opportunities in expanding Skills offerings, AI tools development, and premium services can drive future revenue growth.

Chegg excels in Q4 with AI focus and global expansion

Chegg's Q4 performance exceeded expectations, with a focus on leveraging AI and expanding globally.
The company's strengths lie in AI-driven capabilities, personalized student experiences, and financial robustness.
Challenges include maintaining answer quality, customer retention, and resource allocation for AI initiatives.
Opportunities for Chegg include further AI expansion, targeting new customers, and revenue growth through AI advancements.

Chegg reports robust Q1 earnings, eyes AI growth and global expansion

Chegg's Q1 performance showcased strong financial results and a strategic focus on AI-driven growth under new leadership.
The company's strengths lie in its AI platform's success, ongoing investments in AI, and strategic pricing adjustments driving growth.
Challenges include scaling AI capabilities, navigating pricing tests, and expanding internationally, while opportunities exist in AI innovation, pricing optimization, and global market expansion.

Chegg surpasses Q2 expectations, eyes global growth with AI

Chegg's Q2 performance exceeded expectations, showcasing strong financials and operational trends.
The company's focus on AI-driven personalized learning and international expansion highlights strategic strengths.
While facing challenges in Q2, Chegg's planned marketing initiatives and localization efforts present growth opportunities.
Overall, Chegg's innovative approach and strategic roadmap position it well for future success in the education sector.

Chegg reports Q3 earnings, announces restructuring amid AI challenges

Chegg's Q3 performance reflects revenue and EBITDA figures, with a restructuring plan to address industry challenges and drive cost savings.
Despite revenue decline and legal matters, Chegg's commitment to student-focused services and stable subscription revenue highlights resilience.
The company faces challenges from AI advancements and must navigate market dynamics while seeking opportunities for innovation and growth.

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Chegg, Inc. engages in providing support and a learning platform for students. Its services include Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, Busuu offerings, Chegg Skills, advertising services, print textbooks, and eTextbooks offerings. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

Chegg shares soared after the education technology provider posted better-than-expected sales and laid out its artificial intelligence strategy.

Chegg Shares Jump After Beating Sales Estimates and Promoting Its AI Strategy

Chegg's stock jumped over 20% after hours after reporting second quarter earnings (but traded weakly in early morning trading), showing a surprising turnaround. The company's revenue declined 6.2% YoY, but management cited a recovery in customer acquisition trends and outlined a path for Chegg to become a generative AI application. While there are risks from generative AI, there is potential for Chegg to become a consumer-facing application built on generative AI capabilities.

Surprise Surprise! Chegg Becomes A Generative AI Play

Shares of education software provider Chegg jumped Tuesday on second-quarter results that topped expectations and the rollout of an artificial intelligence-driven strategy.  The company posted revenue of $182.9 million, down 6% year-over-year but ahead of Street expectations of $176.5 million, and earnings of $0.28 per share, up from $0.06 a year ago but just short of expectations of $0.29.

Ed tech firm Chegg stock lifted by 2Q results, new AI-enabled experience

Chegg's second-quarter revenue was better than expected. Retention trends improved during the quarter.

AI May Be Tailwind -- Not a Headwind -- for Chegg

Chegg (NYSE: CHGG) stock price made a strong comeback after the company published encouraging financial results. The shares surged by over 25% in extended hours as the firm shrugged off artificial intelligence threats to its business.

Chegg stock price suddenly wakjes up as AI disruption fears ease

Chegg, Inc. (NYSE:CHGG ) Q2 2023 Earnings Conference Call August 7, 2023 4:30 PM ET Company Participants Tracey Ford - Vice President of Investor Relations and ESG Dan Rosensweig - President and Chief Executive Officer Andrew Brown - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Jeffrey Silber - BMO Capital Markets Eric Sheridan - Goldman Sachs Stephen Sheldon - William Blair Josh Baer - Morgan Stanley Ryan MacDonald - Needham & Company Alex Fuhrman - Craig-Hallum Brent Thill - Jefferies Operator Greetings, and welcome to the Chegg Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Chegg, Inc. (CHGG) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Chegg (CHGG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Chegg (CHGG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Chegg (CHGG) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.37 per share a year ago.

Chegg (CHGG) Q2 Earnings Meet Estimates

Education technology company Chegg Inc. on Monday reported second-quarter sales that topped expectations, with trends in attracting and keeping customers improving as the quarter progressed, and the company talked up the potential to deliver better AI learning-assistance tools where ChatGPT comes up short. Shares jumped 23.8% after the bell on Monday.

Chegg says its AI education tool has attracted ‘very positive' feedback, and shares rally

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2023. “Chegg outperformed guidance for both revenue and adjusted EBITDA in Q2 and saw year-over-year customer acquisition and retention rates improve during the quarter,” said Dan Rosensweig, CEO & President of Chegg, Inc. “We launched the beta version of our initial generative AI experience in May and feed.

Chegg Reports Second Quarter 2023 Earnings

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first online learning company, announced today its partnership with Scale AI, the data infrastructure for AI, to develop proprietary large language models (LLMs) to provide a generative experience through Chegg's personalized learning assistant. The new Chegg experience, which is planned to roll out over the course of the next two semesters, will combine the best of generative AI with Chegg's proprietary high-qu.

Chegg Partners with Scale AI to Enhance Learning Experience for Students

AECOM

American Equity Investment Life

BellRing Brands Inc

Palantir Technologies

We have narrowed our search to five stocks that are set to declare earnings results on Aug 7 after the closing bell. These are: CHGG, ACM, AEL, PLTR, BRBR.

5 Stocks Set to Beat on Earnings Today After the Closing Bell

LOS ANGELES, CA / ACCESSWIRE / August 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or "the Company") (NYSE:CHGG) violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Chegg, Inc. and Encourages Investors with Losses In Excess of $500,000 to Contact the Firm

The mean of analysts' price targets for Chegg (CHGG) points to a 64.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Chegg (CHGG) Could Surge 64.2%: Read This Before Placing a Bet

Chegg is getting ahead of the threat from AI with technology designed to help students. Still, it is too early to tell whether the company's attempt in this area will be successful.

Chegg Stock: Bull vs. Bear

LOS ANGELES, CA / ACCESSWIRE / July 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or "the Company") (NYSE:CHGG) violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Chegg, Inc. and Encourages Investors with Losses to Contact the Firm

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the second quarter of 2023, which ended June 30, 2023, on Monday, Aug. 7, 2023, after the market close. Chegg will host a conference call to discuss the second quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day. To access the call, please dial 1-8.

Chegg to Announce Second Quarter 2023 Financial Results

LOS ANGELES, CA / ACCESSWIRE / July 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or "the Company") (NYSE: CHGG) violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Chegg, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or "the Company") (NYSE: CHGG) violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Chegg, Inc. and Encourages Investors with Losses to Contact the Firm

This growth stock may look tempting, but it could be a disaster waiting to happen.

1 Growth Stock Down 92% You'll Regret Buying on the Dip

Chegg is set to release a potential killer application in the education marketplace, CheggMate, which will incorporate GPT-4 AI technology to provide a personalized learning assistant for students. The company's valuation is at its lowest level since the company went public in 2013, just as growth rates could be preparing to explode higher. CheggMate's massive database and teaching tools could render many tutors and educators as unnecessary in the learning experience for millions of students.

Chegg: New Personalized AI Tutor For College Could Be Killer App

Chegg's first-quarter results weren't great, and the rising threat from ChatGPT is even worse. The company is looking to make the best use of artificial intelligence (AI) to improve its learning platform.

Is Chegg Stock a Buy Now?

Chegg's stock is down more than 90% from its all-time high. Its growth cooled off in a post-pandemic market, and its future expansion could be undermined by the rise of generative AI platforms like ChatGPT.

Is It Too Late to Buy Chegg Stock?

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, announced the release of its 2022 Environmental, Social, and Governance (ESG) report. The comprehensive report outlines Chegg's commitment to ethical management, an empowered employee culture, environmentally sustainable practices, responsible product and service development, and fostering positive societal impact. Chegg's mission is to help every student achieve their best in s.

Chegg Releases its 2022 Environmental, Social, and Governance Report Demonstrating Commitment to Responsible Practices and Societal Impact

On Monday, Chegg NYSE: CHGG announced that it is laying off 4% of its workforce and parlaying the cost savings into executing its AI strategy. Chegg has been one of the headline "AI losers," or companies that see their business model under threat due to the rise of AI chatbots like ChatGPT.

News for Chegg Stock (CHGG)