Annonce • 18h
Chegg Expands Into AI Model Training Chegg, Inc. (NYSE: CHGG), a global learning company, announced the next phase of its strategic roadmap, applying its proprietary data, operational expertise, and calibrated network of subject matter experts to help organizations train and evaluate world-class AI models. As AI systems increasingly rely on reinforcement learning from human feedback and rigorous evaluation, the demand for accurate, domain-specific expertise – particularly in STEM fields – has become critical. Chegg is uniquely positioned to meet this need, combining its extensive experience delivering high-quality academic solutions with a deeply structured approach to managing expert-generated content at scale. Unlike emerging talent marketplaces that primarily connect AI labs with subject matter experts, Chegg’s approach is built on over a decade of developing operational systems that not only source experts but rigorously assess, align, and continuously improve their output. This enables Chegg to go beyond providing a human layer of expertise by delivering the back-end calibration and quality assurance required to produce reliable, high-quality training data consistently. This operational capability addresses a core challenge facing AI development. As models become more sophisticated, the bottleneck is no longer purely technical – it is the ability to manage and maintain consistent, high-quality human input. Chegg’s strength lies in solving this operational challenge, ensuring that expert contributions are structured, auditable, and aligned to the needs of modern AI systems. In addition to its expert network, Chegg brings a robust library of proprietary academic content, particularly across science, technology, engineering, and mathematics. This dataset can be licensed to AI labs and is especially valuable for training models to develop advanced reasoning and problem-solving capabilities – areas where high-quality, structured data is essential. The strength of Chegg's new offering has gained early customer validation from elite technology organizations, including members of the 'Magnificent Seven,' signaling meaningful third-party confidence in the quality of its data sets and its differentiated content. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.002 (vs US$0.17 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.002 (up from US$0.17 loss in 1Q 2025). Revenue: US$63.3m (down 48% from 1Q 2025). Net income: US$228.0k (up US$17.7m from 1Q 2025). Profit margin: 0.4% (up from net loss in 1Q 2025). Revenue is expected to decline by 35% p.a. on average during the next 2 years, while revenues in the Consumer Services industry in the US are expected to grow by 6.4%. Over the last 3 years on average, earnings per share has fallen by 46% per year whereas the company’s share price has fallen by 49% per year. Board Change • Apr 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Member of Academic Advisory Board Ann Kirschner was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • Apr 21
Chegg, Inc., Annual General Meeting, Jun 12, 2026 Chegg, Inc., Annual General Meeting, Jun 12, 2026. Annonce • Apr 17
Chegg, Inc. to Report Q1, 2026 Results on May 06, 2026 Chegg, Inc. announced that they will report Q1, 2026 results on May 06, 2026 Reported Earnings • Feb 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: US$0.96 loss per share (improved from US$8.10 loss in FY 2024). Revenue: US$376.9m (down 39% from FY 2024). Net loss: US$103.4m (loss narrowed 88% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Consumer Services industry in the US are expected to grow by 7.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 3 percentage points per year. New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$44m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$61.5m market cap). Annonce • Feb 10
Chegg, Inc. Provides Earnings Guidance for the First Quarter of 2026 Chegg, Inc. provided earnings guidance for the first quarter of 2026. For the quarter, the company expects Chegg Skilling Revenues in the range of $17.5 million to $18.0 million. Total Net Revenues in the range of $60 million to $62 million. The company expects double-digit growth for the year and anticipate stronger performance in the second half than in the first, driven by continued investment in the business and the addition of new distribution partners. Annonce • Jan 14
Chegg, Inc. to Report Q4, 2025 Results on Feb 09, 2026 Chegg, Inc. announced that they will report Q4, 2025 results After-Market on Feb 09, 2026 Annonce • Dec 16
Chegg Receives Continued Listing Standard Notice from NYSE Chegg, Inc. (Chegg" or the Company") announced that on December 12, 2025, the Company was notified by the New York Stock Exchange (the NYSE") that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing share price of the Company's common stock as of December 11, 2025 was less than $1.00 over a consecutive 30 trading-day period. As required by the NYSE, the Company intends to notify the NYSE timely of its intent to regain compliance with the NYSE minimum share price requirement, which may include, if necessary, effecting a reverse stock split, subject to approval by the board of directors and stockholders of the Company. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if on the last trading day of any calendar month during the cure period the Company's common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The notice has no immediate impact on the listing of the Company's common stock, which will continue to be listed and trade on the NYSE during the six-month cure period, subject to the Company's compliance with the other NYSE continued listing standards. The Company intends to continuously monitor the closing share price of its common stock throughout the cure period and, as appropriate, will evaluate available options to resolve the deficiency and regain compliance with the minimum share price requirement. In the event that the Company fails to regain compliance with the minimum share price requirement, the Company's common stock will be subject to NYSE's suspension and delisting procedures. Annonce • Nov 11
Chegg, Inc. Provides Guidance for Fourth Quarter of 2025 Chegg, Inc. provided guidance for the fourth quarter of 2025. For the period, the company expects total revenue between $70 and $72 million. Annonce • Oct 17
Chegg, Inc. to Report Q3, 2025 Results on Nov 10, 2025 Chegg, Inc. announced that they will report Q3, 2025 results After-Market on Nov 10, 2025 Reported Earnings • Aug 08
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: US$0.33 loss per share (improved from US$6.01 loss in 2Q 2024). Revenue: US$105.1m (down 36% from 2Q 2024). Net loss: US$35.7m (loss narrowed 94% from 2Q 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 9.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Annonce • Aug 06
Chegg, Inc. Provides Earnings Guidance for the Third Quarter of 2025 Chegg, Inc. provided earnings guidance for the third quarter of 2025. For the quarter, the company expected total revenue between $75 million and $77 million, with Subscription Services revenue between $67 million and $69 million. Annonce • Jul 25
Chegg, Inc. to Report Q2, 2025 Results on Aug 05, 2025 Chegg, Inc. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 New Risk • Jul 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$29m net loss next year). Reported Earnings • May 13
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: US$0.17 loss per share (further deteriorated from US$0.014 loss in 1Q 2024). Revenue: US$121.4m (down 30% from 1Q 2024). Net loss: US$17.5m (loss widened US$16.1m from 1Q 2024). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 11%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. New Risk • May 12
New major risk - Revenue and earnings growth Earnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$39m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$72.7m market cap). Annonce • May 12
Chegg, Inc. Provides Earnings Guidance for the Second Quarter of 2025 Chegg, Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the company expected total net revenues in the range of $100 million to $102 million and Subscription Services Revenues in the range of $85 million to $87 million. Annonce • Apr 22
Chegg, Inc. Launches New Create Functionality to Offer Personalized, AI-Powered Study Tools Chegg, Inc. announced the launch of its new Create functionality. Create empowers students to generate practice tests and flashcards - directly from their own class materials, such as notes - delivering a highly customized and personalized study experience that helps to align with what they're learning in the classroom. Chegg's Create functionality is designed to revolutionize the way that students study by generating individualized practice questions and flashcards based on the questions they've already asked. Traditional study tools often require students to rely on pre-generated sets, Create leverages its advanced agentic AI systems, allowing students to work with their own class content, instantly tailoring practice questions to the specific topics they are learning and the challenges they face. Create uses advanced algorithms and agentic techniques to generate effective questions, complete with plausible distributors, that challenge students to think critically and apply reasoning skills. This focus on crafting high-quality, thought-provoking questions encourages long-term learning and aids in reinforcing deeper understanding of the material. Create also incorporates metacognitive strategies that help students reflect on their learning process. When selecting their answer to a practice question, the tool offers hints and asks students to rate how confident they are in their chosen answer. This reflection step enables students to better self-assess their knowledge and enhance retention. At the end of a practice set, students receive a detailed report showing which questions they answered correctly or incorrectly, along with their confidence ratings for each answer. This feedback is developed to activate the hyper-correction effect, giving students confidence in the skills they've mastered, while also putting more focus on the questions they got wrong - eventually leading to stronger memory of the correct answers. The Create functionality's ability to generate questions based on students' previous engagement on Chegg and their own input offers a highly tailored study experience, signaling clear guidance on which topics and subtopics they need to master to help them succeed in their coursework. With Create, Chegg continues to push the boundaries of personalized learning, making it easier than ever for students to study smarter, not harder. Annonce • Apr 18
Chegg, Inc., Annual General Meeting, Jun 04, 2025 Chegg, Inc., Annual General Meeting, Jun 04, 2025. Annonce • Apr 11
Chegg, Inc. to Report Q1, 2025 Results on May 12, 2025 Chegg, Inc. announced that they will report Q1, 2025 results Pre-Market on May 12, 2025 Annonce • Apr 07
Chegg, Inc. Launches Solution Scout Chegg, Inc. announced the launch of Solution Scout, a powerful new tool designed to help students efficiently compare solutions from multiple sources - including Chegg's extensive archive as well as leading AI frontier models. Enhanced with Chegg's proprietary comparison summaries, the tool highlights key differences in AI-generated summaries so students can spend less time searching and more time learning. With over a decade of learning insights, Chegg understands the evolving needs of students and has observed a critical pain point when it comes to using AI to support learning. Verifying the accuracy of solutions found online - especially from AI-generated sources - is often necessary yet time-consuming. Relying on a single source can be risky, and when students have doubt, they spend their valuable study time finding and comparing solutions across different sources. Solution Scout enables easy comparison of solutions from different foundational LLM models, including ChatGPT, Google Gemini, and Claude alongside Chegg's solutions. The tool automatically highlights discrepancies and areas of agreement, providing students with an AI-generated summary that distills key differences and points of consensus - eliminating the challenge of making apples-to-oranges comparisons between different sources. This innovation transforms what was once a fragmented, time-consuming process into a seamless learning experience, helping students gain confidence in the accuracy and reliability of the solutions they are seeking. Chegg is inviting AI into the conversation and allowing students to understand the commonalities and differences of different models in one convenient location, ultimately helping them with their overall study workflows. Students are already doing this, but Solution Scout helps students compare solutions fast and reduce guesswork on assignments so they can spend less time verifying the information and more time learning. The launch of Solution Scout follows the introduction of Chegg's new Create functionality, which allows students to generate custom practice tests from their own class notes, helping to ensure their study experience aligns with what they're learning in the classroom. These tools represent a significant step in Chegg's evolution toward a truly learning experience, helping students access solutions best suited for them based on their individual goals. Together, Solution Scout and Create make Chegg feel more like a smart, personal learning assistant than a traditional study tool. Annonce • Apr 06
Chegg Receives Continued Listing Standard Notice from NYSE Chegg, Inc. announced that on April 1, 2025, the Company was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing share price of the Company’s common stock as of March 31, 2025 was less than $1.00 over a consecutive 30 trading-day period. As required by the NYSE, the Company intends to notify the NYSE timely of its intent to regain compliance with the NYSE minimum share price requirement, which may include, if necessary, effecting a reverse stock split, subject to approval by the board of directors and stockholders of the Company. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if on the last trading day of any calendar month during the cure period the Company’s common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The notice has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and trade on the NYSE during the six-month cure period, subject to the Company’s compliance with the other NYSE continued listing standards. The Company intends to continuously monitor the closing share price of its common stock throughout the cure period and, as appropriate, will evaluate available options to resolve the deficiency and regain compliance with the minimum share price requirement. In the event that the Company fails to regain compliance with the minimum share price requirement, the Company’s common stock will be subject to NYSE’s suspension and delisting procedures. New Risk • Mar 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$62m net loss in 2 years). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$99.9m market cap). Major Estimate Revision • Mar 03
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$518.0m to US$430.4m. Forecast losses increased from -US$0.084 to -US$0.615 per share. Consumer Services industry in the US expected to see average net income growth of 23% next year. Consensus price target down from US$1.73 to US$1.34. Share price fell 24% to US$1.09 over the past week. Reported Earnings • Feb 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$8.10 loss per share (down from US$0.16 profit in FY 2023). Revenue: US$617.6m (down 14% from FY 2023). Net loss: US$837.1m (down US$855.2m from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is expected to decline by 25% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 10%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Annonce • Feb 25
Chegg, Inc. Provides Earnings Guidance for the First Quarter of 2025 Chegg, Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects total net revenues in the range of $114 million to $116 million. Price Target Changed • Feb 25
Price target decreased by 11% to US$1.65 Down from US$1.86, the current price target is an average from 6 analysts. New target price is 5.8% above last closing price of US$1.56. Stock is down 82% over the past year. The company is forecast to post a net loss per share of US$7.98 compared to earnings per share of US$0.16 last year. Annonce • Jan 17
Chegg, Inc. to Report Q4, 2024 Results on Feb 24, 2025 Chegg, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 24, 2025 Reported Earnings • Nov 13
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: US$2.05 loss per share (further deteriorated from US$0.16 loss in 3Q 2023). Revenue: US$136.6m (down 14% from 3Q 2023). Net loss: US$212.6m (loss widened US$194.4m from 3Q 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 10%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Annonce • Nov 13
Chegg, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024 Chegg, Inc. provided earnings guidance for the fourth quarter of 2024. For the quarter, the company expects total revenue between $141 million and $143 million, with Subscription Services revenue between $126 million and $128 million. Price Target Changed • Oct 22
Price target decreased by 11% to US$3.39 Down from US$3.82, the current price target is an average from 7 analysts. New target price is 98% above last closing price of US$1.71. Stock is down 79% over the past year. The company is forecast to post a net loss per share of US$5.94 compared to earnings per share of US$0.16 last year. Annonce • Oct 11
Chegg, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Chegg, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Board Change • Sep 22
High number of new directors CEO, President, COO & Director Nathan Schultz was the last director to join the board, commencing their role in 2024. Annonce • Sep 19
Chegg Announces Board Departures Chegg announced that Sarah Bond and Dr. Paul LeBlanc are departing its board of directors. Bond, president of Xbox, joined Chegg’s Board of Directors in 2020, and LeBlanc, who recently retired as president of Southern New Hampshire University, began his service in 2019. In addition to LeBlanc’s service as a board director, he also served as Chair of Chegg’s Academic Advisory Board, which advises and informs company strategies to help it better meet the needs and challenges of universities and their students. LeBlanc will continue to serve as an academic advisor for Chegg. With the changes announced September 18, 2024, Chegg’s Board of Directors is now composed of nine directors, seven of whom are independent within the meaning of the independence policy of the Board of Directors of the New York Stock Exchange (NYSE) and applicable rules of the U.S. Securities Exchange Commission (SEC). Reported Earnings • Aug 06
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$6.01 loss per share (down from US$0.21 profit in 2Q 2023). Revenue: US$163.1m (down 11% from 2Q 2023). Net loss: US$616.9m (down US$641.5m from profit in 2Q 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 9.5%. Annonce • Aug 06
Chegg, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2024 Chegg, Inc. provided earnings guidance for the third quarter ending September 30, 2024. For the quarter, the company expects total net revenues in the range of $133 million to $135 million, with Subscription Services revenue between $116 million and $118 million. Net loss is expected to be $16,100,000. Price Target Changed • Jul 18
Price target decreased by 10% to US$5.53 Down from US$6.17, the current price target is an average from 8 analysts. New target price is 56% above last closing price of US$3.54. Stock is down 63% over the past year. The company is forecast to post a net loss per share of US$0.054 compared to earnings per share of US$0.16 last year. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to US$3.72, the stock trades at a trailing P/E ratio of 26.1x. Average forward P/E is 14x in the Consumer Services industry in the US. Total loss to shareholders of 96% over the past three years. Annonce • Jul 09
Chegg, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Chegg, Inc. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Annonce • Jun 25
Chegg, Inc. Appoints Chris Mason as Chief Business Officer Chegg, Inc. announced the appointment of Chris Mason as Chief Business Officer. In his expanded role, Mason will drive Chegg’s growth strategy, business operations, strategic partnerships, and international expansion, further helping to position Chegg as a global leader in online education. Since joining Chegg in April 2023, Mason has been instrumental in redefining the role of business operations and analytics. In his new role, Mason will help Chegg execute its strategy of providing 360 degrees of individualized support for students on their educational journeys. Before joining Chegg, Mason was Vice President of Operations at Guild Education. He was formerly the Global Vice-President of Strategy, Business Operations, and Corporate Development at Marketo, where he played a key role in the $4.75 billion acquisition by Adobe, and Director of Business Operations at LinkedIn. Mason holds a B.A. in Economics from UCLA and an MBA from Stanford University Graduate School of Business. Major Estimate Revision • Jun 20
Consensus EPS estimates upgraded to US$0.054 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.063 to -US$0.054 per share. Revenue forecast steady at US$651.8m. Consumer Services industry in the US expected to see average net income growth of 22% next year. Consensus price target down from US$7.20 to US$6.17. Share price fell 21% to US$2.70 over the past week. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 72% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$3.04, the stock trades at a trailing P/E ratio of 21.3x. Average forward P/E is 14x in the Consumer Services industry in the US. Total loss to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$3.77, the stock trades at a trailing P/E ratio of 26.4x. Average forward P/E is 14x in the Consumer Services industry in the US. Total loss to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to US$5.24, the stock trades at a trailing P/E ratio of 36.8x. Average forward P/E is 16x in the Consumer Services industry in the US. Total loss to shareholders of 94% over the past three years. Major Estimate Revision • May 06
Consensus EPS estimates upgraded to US$0.063 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$685.9m to US$652.5m. 2024 losses expected to reduce from -US$0.164 to -US$0.063 per share. Consumer Services industry in the US expected to see average net income growth of 33% next year. Consensus price target down from US$9.28 to US$7.20. Share price fell 27% to US$5.24 over the past week. Annonce • May 01
Chegg, Inc. Announces Chief Executive Officer Changes Chegg, Inc. announced the appointment of Nathan Schultz as Chief Executive Officer, effective June 1. Schultz will succeed Dan Rosensweig, who will step up to the role of Executive Chairman after 14 years as CEO. Schultz is a veteran of Chegg and has served in multiple leadership roles over the last 16 years at the company. Early on he was responsible for Chegg’s required materials offerings and was instrumental in shifting the company to a fully digital learning platform in his role as President of Learning Services. In 2022, he was elevated to the role of Chief Operating Officer, overseeing Chegg’s learning services, including Chegg Study, Writing, and Math, and non-academic support, such as language learning and skills training. Under his leadership, Schultz led Chegg to embed AI into every facet of product development, specifically driving the formation of Chegg's unique and proprietary large language models that are the foundation for the company's new personalised learning experience. Schultz has a deep passion for delivering learning outcomes and has dedicated his career to education, having previously worked in education publishing at Bowker, Pearson, and Jones & Bartlett prior to joining Chegg. He attended Elon University in North Carolina, receiving his BA in History and English, and continued his education in Finance at Stevens Institute of Technology in New Jersey. Annonce • Apr 30
Chegg, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 Chegg, Inc. provided earnings guidance for the second quarter ending June 30, 2024. For the quarter, the company expects total net revenues in the range of $159 million to $161 million. Net income of $1,900,000. Reported Earnings • Apr 30
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: US$0.014 loss per share (down from US$0.018 profit in 1Q 2023). Revenue: US$174.4m (down 7.1% from 1Q 2023). Net loss: US$1.42m (down 165% from profit in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 82%. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Annonce • Apr 21
Chegg, Inc., Annual General Meeting, Jun 05, 2024 Chegg, Inc., Annual General Meeting, Jun 05, 2024, at 09:00 Pacific Standard Time. Agenda: To consider elections of three class II directors; to approve on a non binding advisory basis the compensation of named executive officers for the year ended December 31, 2023; to approve, on a non binding advisory the frequency of future advisory votes on executive compensation; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Annonce • Apr 05
Chegg, Inc. to Report Q1, 2024 Results on Apr 29, 2024 Chegg, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2024 Annonce • Mar 27
Chegg, Inc. Appoints Deena Bahri as Chief Marketing Officer Chegg, Inc. announced the appointment of Deena Bahri as Chief Marketing Officer, effective March 27, 2024. During her 20-year career, Ms. Bahri has held key marketing positions at innovative tech-driven brands including Birchbox, Gilt Groupe, and Reebok. She was most recently Chief Marketing Officer of leading current culture marketplace StockX, where she led the global marketing and merchandising teams. Ms. Bahri will drive Chegg’s brand and user growth strategy as it delivers on its mission to empower learners worldwide through AI-powered personalized learning. She succeeds Esther Lem, who recently announced her retirement after more than 13 years at Chegg. In her previous CMO roles, Ms. Bahri led companies through a range of inflection points, including inception and launch, hyper-growth, proliferation of new business lines, and international expansion. She has been recognized as a Forbes Top 50 Entrepreneurial CMO (2023) and Adweek CMO of the Year (2021). She is an advisor to early-stage startup companies. She is also active in her Detroit community, serving on the board of BasBlue, a non-profit serving the women of Detroit. Ms. Bahri holds a Bachelor of Arts from Swarthmore College and a Master of Business Administration from the Harvard Business School. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 157% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 81% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Price Target Changed • Feb 12
Price target decreased by 7.0% to US$9.66 Down from US$10.39, the current price target is an average from 11 analysts. New target price is 9.4% above last closing price of US$8.83. Stock is down 48% over the past year. The company is forecast to post a net loss per share of US$0.17 compared to earnings per share of US$0.16 last year. Annonce • Feb 07
Chegg, Inc. Appoints David Longo as Principal Financial Officer and Treasurer, Effective February 21, 2024 On February 2, 2024, the Board of Directors of Chegg, Inc. appointed David Longo, 56, as the Company’s Principal Financial Officer and Treasurer, effective February 21, 2024. Mr. Longo has served as the Company’s Vice President, Chief Accounting Officer, Corporate Controller, Assistant Treasurer, and Principal Accounting Officer since December 2021. Prior to joining the Company, Mr. Longo served as Chief Accounting Officer at Spire Global, Inc., a data and analytics company, from October 2021 to December 2021; as Chief Accounting Officer at Shutterfly, Inc., a digital retailer and manufacturer of high-quality personalized products and services, from August 2020 to October 2021; as Senior Vice President, Controller at CBS Interactive, Inc., a division of CBS Inc., an online content network for information and entertainment, from October 2017 to July 2020 and as Vice President, Controller of CBS Interactive, Inc. from February 2013 to October 2017. Mr. Longo holds a B.S. in business administration, with a concentration in accounting, from Boston University and is a licensed CPA. Reported Earnings • Feb 06
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$0.16 (down from US$2.09 in FY 2022). Revenue: US$716.3m (down 6.6% from FY 2022). Net income: US$18.2m (down 93% from FY 2022). Profit margin: 2.5% (down from 35% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Consumer Services industry in the US. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 06
Consensus EPS estimates upgraded to US$0.10 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.12 to -US$0.105 per share. Revenue forecast unchanged from US$707.8m at last update. Consumer Services industry in the US expected to see average net income growth of 49% next year. Consensus price target of US$10.39 unchanged from last update. Share price fell 4.9% to US$9.30 over the past week. Annonce • Jan 12
Chegg, Inc. to Report Q4, 2023 Results on Feb 05, 2024 Chegg, Inc. announced that they will report Q4, 2023 results After-Market on Feb 05, 2024 Recent Insider Transactions Derivative • Dec 06
Chief Financial Officer notifies of intention to sell stock Andrew Brown intends to sell 17k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of November. If the sale is conducted around the recent share price of US$9.96, it would amount to US$169k. Since March 2023, Andrew's direct individual holding has decreased from 410.67k shares to 384.89k. Company insiders have collectively bought US$195k more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • Nov 06
Consensus EPS estimates increase by 92% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.034 to US$0.065. Revenue forecast steady at US$714.1m. Net income forecast to shrink 142% next year vs 37% growth forecast for Consumer Services industry in the US . Consensus price target down from US$12.63 to US$10.46. Share price was steady at US$8.35 over the past week. Price Target Changed • Nov 01
Price target decreased by 19% to US$10.46 Down from US$12.88, the current price target is an average from 12 analysts. New target price is 39% above last closing price of US$7.53. Stock is down 64% over the past year. The company is forecast to post earnings per share of US$0.065 for next year compared to US$2.09 last year. Annonce • Oct 31
Chegg, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 Chegg, Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects total Net Revenues in the range of $185 million to $187 million. Major Estimate Revision • Oct 20
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.038 to US$0.034 per share. Revenue forecast steady at US$708.5m. Net income forecast to shrink 102% next year vs 36% growth forecast for Consumer Services industry in the US . Consensus price target down from US$13.46 to US$12.88. Share price was steady at US$8.39 over the past week. 