Chegg, Inc. is expected to release its latest quarterly earnings on Tuesday, May 5th, with a consensus estimate EPS of -0.03.
Chegg, Inc. (CHGG) is currently priced at $1.08, showing a price change of 3.5 cents (3.33%) from the previous close. Trading volume is at $234,382, which is 17.31% above the average.
The company's latest quarterly earnings were reported on Sunday, February 8th, with a consensus estimate EPS of -0.11. Further details on revenue and profit margin figures are not available.
Chegg, Inc. reported a net change in cash of -$7.95 million. Operating cash flow was -$9 million, with capital expenditure at -$6.47 million. The company ended the period with $31.15 million in cash.
Chegg, Inc. recorded a net income of -$32.80 million, resulting in an EPS of -30 cents. The company reported revenue of $72.66 million, with a gross profit of $43.76 million and an operating income of $19.27 million.
Key financial ratios for Chegg, Inc. include a quick ratio of 0.86, gross profit margin of 60.23%, and a debt equity ratio of 70.37%. Notably, the company's price to sales ratio is 1.38.
The balance sheet shows total assets of $276.82 million, total liabilities of $157.20 million, and net debt of $53 million. Chegg, Inc. holds $31.15 million in cash and cash equivalents.
This real-time financial report provides insights into the current financial status and performance of Chegg, Inc. (CHGG) ahead of its upcoming earnings release.
Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, and Chegg Math Solver services, which creates an integrated platform of connected academic support services; Busuu, an online language learning solution that offers a comprehensive solution through a combination of self-paced lessons, live classes with expert tutors, and the ability to learn and practice with members of the Busuu language learning community; and Thinkful, a skills-based learning platform that offers professional courses along with networking, interviewing, and career services. The company also provides other services, such as Chegg Life, Chegg Prep, and Chegg Internships; provides personal and professional development skills training; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.