Chegg On Monday Issued Q1 Guidance; Sees Total Net Revenues $159M-$161M vs $173.58M Est.
Portfolio Pulse from Benzinga Newsdesk
Chegg issued its Q1 guidance on Monday, projecting total net revenues to be between $159M and $161M, which is below the estimated $173.58M.
April 30, 2024 | 11:24 am
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Chegg's Q1 revenue guidance is below market expectations, indicating potential short-term pressure on its stock price.
Chegg's projection of Q1 revenues significantly below the market estimate suggests potential challenges in its business or market conditions that could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100