Chegg (CHGG) Tops Q4 EPS by 6c, Offers Guidance

Chegg (NYSE: CHGG) reported Q4 EPS of $0.35, $0.06 better than the analyst estimate of $0.29. Revenue for the quarter came in at $125.5 million versus the consensus estimate of $122.97 million.

GUIDANCE:

Chegg sees FY2020 revenue of $522-257 million, versus the consensus of $520.25 million.

• Total Net Revenues in the range of $522 million to $527 million
• Chegg Services Revenues in the range of $435 million to $437 million
• Gross Margin between 71% and 72%
• Adjusted EBITDA in the range of $162 million to $164 million
• Capital Expenditures in the range of $105 million to $115 million which includes approximately $50 million of net textbook purchases

First Quarter 2020

• Total Net Revenues in the range of $122 million to $125 million
• Chegg Services Revenues in the range of $99 million to $100 million
• Gross Margin between 67% and 68%
• Adjusted EBITDA in the range of $27.5 million to $28.5 million

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

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