Chegg Full Year 2024 Earnings: EPS Misses Expectations

Chegg (NYSE:CHGG) Full Year 2024 Results

Key Financial Results

• Revenue: US$617.6m (down 14% from FY 2023).
• Net loss: US$837.1m (down from US$18.2m profit in FY 2023).
• US$8.10 loss per share (down from US$0.16 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Chegg EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%.

Looking ahead, revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 10.0%.

Performance of the American Consumer Services industry.

The company's shares are down 29% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Chegg.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.