Chegg Sees Q1 Total Net Revenues $173M-$175M vs $180.29M Est.
Portfolio Pulse from Benzinga Newsdesk
Chegg announced its Q1 total net revenue forecast to be between $173M and $175M, which is below the estimated $180.29M.
February 05, 2024 | 9:08 pm
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NEGATIVE IMPACT
Chegg's Q1 revenue forecast is below market expectations, indicating potential short-term negative impact on its stock price.
Revenue forecasts that fall short of market expectations can lead to negative investor sentiment and a decrease in stock price. Chegg's announcement of lower-than-expected Q1 revenues suggests potential short-term bearish pressure on its stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100