On Monday, August 03, Chegg (NYSE: CHGG) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Wall Street expects EPS of $0.32 and sales around $136.61 million.In the same quarter last year, Chegg announced EPS of $0.230 on revenue of $93.86 million. If the company were to report in-line earnings when it publishes results Monday, earnings would be up 39.13%. Sales would be up 11.31% from the year-ago period. Here's how the company's EPS has stacked up against analyst estimates in the past:
|Quarter||Q1 2020||Q4 2020||Q3 2019||Q2 2019|
|Revenue Estimate||122.73 M||122.97 M||89.22 M||92.39 M|
|Revenue Actual||131.59 M||125.50 M||94.15 M||93.86 M|
Shares of Chegg were trading at $78.46 as of July 31. Over the last 52-week period, shares are up 85.53%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Chegg is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://investor.chegg.com/Events-and-Presentations/default.aspx
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