■ We continue to see encouraging signs and indicators that we are making progress to return to growth and fueling the Chegg flywheel. In Q1-24, global learners asked 9M questions, up from 3.9M a year ago, and our Al content creation drove a return to non-subscriber traffic growth for Chegg Study in the U.S. ■ We are increasing our efforts around prudent expense management, as we navigate the path back to growth. Q1-24 was extremely productive as we continued to roll out, and improve upon, our AI enabled ■ e ...

Revenue Performance - Net revenues for Q1 2024 were $174.4 million, a 7% decrease compared to $187.6 million in Q1 2023[113][121] - Subscription Services revenue decreased by 9% to $154.1 million in Q1 2024 from $168.4 million in Q1 2023[121] - Skills and Other revenue increased by 6% to $20.3 million in Q1 2024 from $19.2 million in Q1 2023[121] Cost and Expense Management - Cost of revenues decreased by 5% to $46.5 million in Q1 2024 from $49.2 million in Q1 2023[122] - Research and development expenses decreased by 5% to $45.3 million in Q1 2024 from $47.8 million in Q1 2023[173] Tax and Contingency - Provision for income taxes increased by 117% to $9.1 million in Q1 2024 from $4.2 million in Q1 2023[161][174] - The company recognized an estimated loss contingency accrual of $7.0 million related to the JPMC dispute in 2023[99] Cash Flow Activities - Net cash provided by operating activities decreased by 27% to $53.2 million in Q1 2024 from $73.0 million in Q1 2023[164] - Net cash used in investing activities decreased by 62% to $40.5 million in Q1 2024 from $106.5 million in Q1 2023[175] Share Repurchase - The company repurchased 26.5 million shares of common stock in 2023, including 13.5 million shares from the November 2023 ASR[105]

Investors interested in Internet - Software stocks are likely familiar with Chegg (CHGG) and Informatica Inc. (INFA) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies wi ...

Investors are always looking for stocks that are poised to beat at earnings season and Chegg, Inc. (CHGG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Cheggis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of ...

The market expects Chegg (CHGG) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April ...

Chegg (CHGG) has been on a downward spiral lately with significant selling pressure. After declining 13% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is overso ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Chegg (CHGG) . This company, which is in the Zacks Internet - Software industry, shows potential for another earnings beat.This an online learning platform has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarte ...

Investors interested in stocks from the Internet - Software sector have probably already heard of Chegg (CHGG) and Informatica Inc. (INFA) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these ...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on March 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. Twenty-one newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 80,771 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A ...