These stocks are down as much as 74% this year. Tap into your inner contrarian. It doesn't have to stay that way. I think all three stocks have a chance to deliver meaningful gains in the final six months of 2024. They may not make back the ground they lost in the first half of this year, but even a modest bounce from these humble starting lines can beat the market. Let's take a closer look. It's hard to believe that UiPath has been roughly cut in half this year. As a leading provider of robotics, automatio ...

Parkev Tatevosian, CFA has positions in Chegg. The Motley Fool recommends Chegg. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The company wishes to reduce its global headcount by 23%, primarily to emerge as a more efficient organization, increase the speed of innovation and align its expense base with near-term revenue trends. Chegg also aims to simplify systems and processes, using partners to leverage best-in-class software for applications that are not core to its business. Shares of this student-first online learning platform plunged 77% in the year-to-date period against the Zacks Internet - Software industry's 13.3% growth. ...

The company is cutting costs as it looks to rework its offering A slimmer, refocused Chegg The company isn't standing still in the face of this threat. Chegg is developing its own customized AI tools that it hopes will drive future subscription growth. In April, the company named longtime Chief Operating Officer Nathan Schultz as CEO, with a mandate to revamp Chegg's operations. Schultz said in a statement: Is Chegg stock a buy? Management said the cuts will save $40 million to $50 million annually and reco ...

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 17, 2024 Chegg, Inc. (Exact name of registrant as specified in its charter) Delaware 001-36180 20-3237489 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3990 Freedom Circle Santa Clara, California 95054 (Address of principal executive offices) (Zip Code) (408) 855-5700 (Registrant's telephone number, including ...

Key PointsChegg is a leading online education platform providing expert answers, study guides, homework solutions, tutoring and textbook rentals for students.CheggMate AI hasn’t been able to slow the deceleration in Subscription service revenues and members, but the company will continue its multi-year integration.Chegg beat Q1 2024 EPS by a penny but lowered its top and bottom line estimates for Q2 2024.5 stocks we like better than CheggDespite the viral spread of artificial intelligence (AI) applications ...

Chegg (NYSE:CHGG) stock is falling on Tuesday following the release of the online education company’s earnings report for the first quarter of 2024.That’s despite it reporting adjusted earnings per share of 26 cents alongside revenue of $174.35 million. Both of these are better than Wall Street’s estimates of 25 cents per share and $174.1 million in revenue.Unfortunately, both Chegg’s adjusted EPS and revenue are down year-over-year. The company’s EPS for Q1 2023 was 27 cents while its revenue was $187.6 mi ...

James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, on April 29, 2010."We question the ability of CHGG to return to durable growth as free AI tools become an attractive alternative to a paid CHGG sub," analyst Brent Thill wrote in a note Tuesday.As a result, Jefferies downgraded the stock to underperform from hold and lowered its price target to $4 from $7, suggesting 2% downside from Monday's close.Chegg, which announced a new CEO, sa ...

For the quarter ended March 2024, Chegg (CHGG) reported revenue of $174.35 million, down 7.1% over the same period last year. EPS came in at $0.26, compared to $0.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $174.05 million, representing a surprise of +0.17%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $0.24.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Company Participants Conference Call Participants Greetings. Welcome to Chegg, Inc.'s First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded. Good afternoon. Thank you for joining Chegg's first quarter 2024 conference call. Before we begin, I would like to point out that during the course of this call, we will make forward-l ...