Recap: Chegg Q2 Earnings

Shares of Chegg (NYSE:CHGG) rose in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 16.22% over the past year to $0.43, which beat the estimate of $0.37.

Revenue of $198,478,000 up by 29.72% from the same period last year, which beat the estimate of $189,940,000.

Outlook

Chegg Raises FY21 Sales Guidance From $790M-$800M to $805M-$815M vs $797M Est., Adj. EBITDA $295M-$300M
Chegg Sees Q3 Adj. EBITDA $43M-$45M, Sales $170M-$175M vs $172.9M Estimate

Conference Call Details

Date: Aug 09, 2021

Time: 04:30 PM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/vvdb/mediaframe/45852/indexl.html

Recent Stock Performance

52-week high: $115.21

Company's 52-week low was at $62.84

Price action over last quarter: down 0.70%

Company Overview

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