Chegg (CHGG) Tops Q1 EPS by 1c

Chegg (NYSE: CHGG) reported Q1 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $76.9 million versus the consensus estimate of $74.15 million.

Business Outlook:

Second Quarter 2018

Total Net Revenues in the range of $69 million to $71 million
Chegg Services Revenues in the range of $58 million to $60 million
Gross Margin between 74% and 75%
Adjusted EBITDA in the range of $17 million to $18.5 million

Full Year 2018

Total Net Revenues in the range of $300 million to $305 million
Chegg Services Revenues in the range of $243 million to $246 million
Gross Margin between 72% and 74%
Adjusted EBITDA in the range of $77 million to $79 million
Capital Expenditures in the range of $30 million to $35 million

(Street sees Q2 EPS of 10c on revenue of $67.65 million)

For earnings history and earnings-related data on Chegg (CHGG) click here.

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