Chegg, Inc. (NYSE:CHGG) is set to announce third quarter earning results on Monday 26th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CHGG to report 3Q20 income of $ 0.10 per share.
For the full year, analysts anticipate top line of $ 611.64 million, while looking forward to income of $ 1.23 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 140.00 million ~ $ 145.00 million
Full Year 2020 topline are forecasted in a range of$ 605.00 million ~ $ 615.00 million
Click Here For More Historical Outlooks Of Chegg, Inc.
Previous Quarter Performance
Chegg, Inc. revealed income for the second quarter of $ 0.37 per share, from the revenue of $ 153.01 million. The quarterly earnings escalated 60.87 percent while revenues grew 63.02 percent compared with the same quarter last year.
According to street consensus, CHGG was expected to report 2Q20 income of $ 0.32 per share from revenue of $ 136.61 million. The bottom line results beat street analysts by $ 0.05 or 15.63 percent, at the same time, top line results outshined analysts by $ 16.40 million or 12.00 percent.
Stock Performance
On Friday, shares of Chegg, Inc. has traded high as $ 87.00 and has cracked $ 85.23 on the downward trend, reaching $ 86.76 with volume of 1.91 million shares.
According to the previous trading day, closing price of $ 86.76, representing a 234.30 % increase from the 52 week low of $ 25.89 and a 3.64 % decrease over the 52 week high of $ 89.82.
The company has a market capital of $ 11.15 billion and is part of the Consumer Defensive sector and Education & Training Services industry.
Conference Call
Chegg, Inc. will be hosting a conference call at 4:30 PM eastern time on 26th October 2020, to discuss its 3Q20 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.
