Earnings Preview: Chegg
Portfolio Pulse from Benzinga Insights
Chegg (NYSE:CHGG) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts expecting an EPS of $0.36. Historical data shows mixed reactions to past earnings, with the stock price experiencing significant fluctuations post-earnings announcement. Shares are currently trading at $9.85, down 53.16% over the last year, indicating investor concern ahead of the earnings release.
February 02, 2024 | 2:02 pm
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NEUTRAL IMPACT
Chegg is expected to report an EPS of $0.36 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings, with a notable 53.16% decline over the past year.
Given Chegg's history of volatile stock price movements post-earnings and the significant decline over the past year, the upcoming earnings report could maintain the stock's volatility. However, the actual impact will heavily depend on whether Chegg meets or exceeds the EPS expectations and the forward guidance provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100