Chegg Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Chegg (NYSE:CHGG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$136.6m (down 14% from 3Q 2023).
• Net loss: US$212.6m (loss widened by US$194.4m from 3Q 2023).
• US$2.05 loss per share (further deteriorated from US$0.16 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Chegg Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 6.8% 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%.

Performance of the American Consumer Services industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Chegg that you should be aware of.

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