Chegg (CHGG) Tops Q4 EPS by 6c, Revenues Beat

Chegg (NYSE: CHGG) reported Q4 EPS of $0.55, $0.06 better than the analyst estimate of $0.49. Revenue for the quarter came in at $205.7 million versus the consensus estimate of $189.55 million.

“We are incredibly grateful that, even in the midst of the many challenges of the past year, we outperformed all expectations and were able to continue to support students, in record numbers, around the world,” said Dan Rosensweig, CEO & President of Chegg, Inc. “The transition to online and hybrid learning is inevitable and, with the accelerated trends that we are seeing, we have the confidence to raise our guidance for 2021.”

GUIDANCE:

Chegg sees Q1 2021 revenue of $182-185 million, versus the consensus of $174.8 million.

Chegg sees FY2021 revenue of $780-790 million, versus the consensus of $780.2 million.

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

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