Chegg Q1 2024 Adj EPS $0.26 Beats $0.25 Estimate, Sales $174.40M Beat $174.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chegg reported Q1 2024 adjusted EPS of $0.26, surpassing the $0.25 estimate, with sales of $174.40M exceeding the $174.10M forecast. This represents a 7.04% decrease in sales compared to the same period last year.
April 29, 2024 | 8:09 pm
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Chegg's Q1 2024 earnings and sales exceeded analyst expectations, with a slight decrease in year-over-year sales.
Chegg's performance in Q1 2024, surpassing both EPS and sales estimates, indicates a positive short-term impact on its stock price. However, the year-over-year decrease in sales might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100