Chegg (CHGG) Q4 Earnings Match Estimates

Company Performance - Chegg reported quarterly earnings of $0.17 per share, matching the Zacks Consensus Estimate, but down from$0.36 per share a year ago [1] - The company posted revenues of $143.48 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 1.02$187.99 million year-over-year [2] - Chegg has surpassed consensus EPS estimates three times and revenue estimates four times over the last four quarters [1][2] Stock Movement and Outlook - Chegg shares have declined approximately 11.2% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The future performance of Chegg's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of$136.4 million, and for the current fiscal year, it is $0.62 on revenues of$504.75 million [7] Industry Context - The Internet - Software industry, to which Chegg belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Chegg's stock may also be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]