For the quarter ended December 2023, Chegg (CHGG) reported revenue of $187.99 million, down 8.4% over the same period last year. EPS came in at $0.36, compared to $0.40 in the year-ago quarter.The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $186.12 million. With the consensus EPS estimate being $0.35, the EPS surprise was +2.86%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

@ 2024 Chegg, Inc. / All Rights Reserved Q4-23 Investor Presentation Chegg Safe Harbor Statement This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking stateme ...

Shares of the education-technology platform Chegg Inc. CHGG tumbled 9.7% after hours on Monday after the company forecast first-quarter sales that were below expectations and said it was “too early to predict when we will return to revenue and margin growth.” The company said it expected first-quarter sales of between $173 million and $175 million, below FactSet estimates of $180.1 million. The company, whose technology is intended to help students study, is investing in developing an AI assistant, after e ...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced the appointment of David Longo as Chief Financial Officer, effective February 21. Mr. Longo currently serves as Vice President, Chief Accounting Officer, Corporate Controller, and Assistant Treasurer at Chegg. He will succeed Andrew Brown, who announced his retirement in the fall of last year, after more than 12 years at Chegg. “ David is the perfect candidate to take on t ...

Shares of Chegg (CHGG -2.19%) fell as much as 11.5% early Friday, then settled to close down 2.19% after a Goldman Sachs analyst downgraded shares of the online education platform.Goldman thinks AI will be a headwind for CheggIn a note to clients this morning, Goldman analyst Eric Sheridan lowered his rating on Chegg to sell from neutral, and also reduced his per-share price target on the stock to $8 from $10. To justify his relative bearishness, Sheridan said he's reducing his revenue estimates for Chegg g ...

Last year, tech stocks largely rebounded after the challenges of 2022, as evidenced by the fact that the tech-heavy Nasdaq Composite outperformed the two other major U.S. stock market indexes. Naturally, many tech stocks performed in line -- or even better -- than the Nasdaq, but others weren't so lucky.Google parent Alphabet (GOOG -0.09%) (GOOGL -0.14%) was one of those that did well, while the online learning specialist Chegg (CHGG 0.65%) wasn't so fortunate in 2023. Investors should expect more of the sa ...

Orchestrator routes questions based on the type and format of the question, as well as the subject matter Proprietary subject-specific models built with Scale AI Computational Engines, such as Mathway, optimized for education and STEM-B Additional Machine Learning models for image transcription, question understanding, and to help with Honor Code enforcement We built Orchestrator to be adaptable The advances in AI create opportunities for Chegg and we've pivoted the company to harness AI to better serve lea ...

Chegg, Inc. (NYSE:CHGG) Q3 2023 Earnings Conference Call October 30, 2023 4:30 PM ET Company Participants Tracey Ford - Vice President, Investor Relations and ESG Dan Rosensweig - Co-Chairperson and Chief Executive Officer Andy Brown - Chief Financial Officer Conference Call Participants Jeff Silber - BMO Capital Markets Kunal Madhukar - UBS Ryan MacDonald - Needham & Company Bryan Smilek - JPMorgan Josh Baer - Morgan Stanley Brent Thill - Jefferies Jason Celino - KeyBanc Capital Markets Alex Fuhrman - Crai ...

Note 10. Restructuring In June 2023, we announced a reduction in workforce to better position the Company to execute against its AI strategy and to create long-term, sustainable value for its students and investors. This resulted in a management approved restructuring plan that impacted approximately 90 employees primarily in the United States. During the nine months ended September 30, 2023, we recorded restructuring charges of $5.7 million related to one-time employee termination benefits classified on ou ...

Chegg, Inc. (NYSE:CHGG) Q2 2023 Earnings Conference Call August 7, 2023 4:30 PM ET Company Participants Tracey Ford - Vice President of Investor Relations and ESG Dan Rosensweig - President and Chief Executive Officer Andrew Brown - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Jeffrey Silber - BMO Capital Markets Eric Sheridan - Goldman Sachs Stephen Sheldon - William Blair Josh Baer - Morgan Stanley Ryan MacDonald - Needham & Company Alex Fuhrman - Craig-Hallum Brent Thill ...