Chegg Q4 2023 Adj EPS $0.36, Inline
Portfolio Pulse from Benzinga Newsdesk
Chegg (NYSE:CHGG) reported Q4 2023 earnings of $0.36 per share, meeting analyst consensus. Quarterly sales were $188.00 million, slightly above the consensus of $187.35 million but marked an 8.38% decrease from the previous year.
February 05, 2024 | 9:08 pm
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NEUTRAL IMPACT
Chegg reported Q4 2023 earnings per share of $0.36, aligning with expectations, and sales of $188.00 million, slightly above estimates but showing a year-over-year decline.
Chegg's earnings per share met analyst expectations, which typically stabilizes investor confidence. However, the slight beat in sales against estimates is positive, but the year-over-year sales decline may concern investors about growth prospects. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100