
Online study and academic help platform Chegg (NYSE: CHGG) will be announcing earnings results this Wednesday after market close. Here’s what to expect.
Chegg beat analysts’ revenue expectations last quarter, reporting revenues of $72.66 million, down 49.4% year on year. It was a strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is Chegg a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Chegg’s revenue to decline 49.7% year on year, a further deceleration from the 30.4% decrease it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Chegg has a history of exceeding Wall Street’s expectations.
Looking at Chegg’s peers in the consumer subscription segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Roku delivered year-on-year revenue growth of 22.4%, beating analysts’ expectations by 3.6%, and Duolingo reported revenues up 26.5%, topping estimates by 1.2%. Roku traded up 6% following the results.
Read our full analysis of Roku’s results here and Duolingo’s results here.
There has been positive sentiment among investors in the consumer subscription segment, with share prices up 11.1% on average over the last month. Chegg is up 53.8% during the same time.
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