Chegg (CHGG) Reports In-Line Q3 EPS, Guidance Misses

Chegg (NYSE: CHGG) reported Q3 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $171.9 million versus the consensus estimate of $174.54 million.

GUIDANCE:

Chegg sees Q4 2021 revenue of $194-196 million, versus the consensus of $240.6 million.

• Chegg Services Revenues in the range of $175 million to $177 million
• Gross Margin between 70% and 71%
• Adjusted EBITDA in the range of $67 million to $69 million

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

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