These Analysts Slash Their Forecasts On Chegg After Q2 Results
These Analysts Slash Their Forecasts On Chegg After Q2 Results
Chegg, Inc. (NYSE:CHGG) reported upbeat second-quarter financial results, but issued third-quarter revenue guidance below estimates on Monday.
周一，Chegg, Inc. (NYSE:CHGG)发布了令人振奋的第二季度财务业绩报告，但第三季度营收预期低于预期。
Chegg's second-quarter revenue decreased 11% year-over-year to $163.1 million, beating the consensus estimate of $159.98 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 28 cents per share, beating analyst estimates of 22 cents per share.
根据Benzinga Pro的报道，Chegg在第二季度的收入同比下降11％，达到了16310万美元，超出了15998万美元的共识预期。该公司报告了第二季度每股调整后收益为28美分，超过了每股22美分的分析师预期。
"Q2 has been transformational for Chegg, completing our restructure, outlining an exciting vision for the future, and completing the rollout of conversational instruction capability and automated solutions just in time for the back-to-school season," said Nathan Schultz, president and CEO of Chegg.
Chegg的总裁兼CEO Nathan Schultz表示：“对于Chegg来说，第二季度是具有转型意义的，我们完成了重组，规划了令人兴奋的未来发展愿景，并在开学季节之际完成了话术指导能力和自动化解决方案的全面推出。”
Chegg expects third-quarter revenue to be in the range of $133 million to $135 million. Subscription revenues are expected to be in the range of $116 million to $118 million. Third-quarter gross margin is expected to be between 67% and 68%. Chegg anticipates third-quarter adjusted EBITDA of $19 million to $21 million.
Chegg预计第三季度营业收入区间为13300万美元至13500万美元，订阅收入预计在11600万美元至11800万美元之间。第三季度毛利率预计在67％至68％之间。Chegg预计第三季度调整后EBITDA为1900万美元至2100万美元。
Chegg shares fell 22.5% to trade at $2.27 on Tuesday.
周二，Chegg股票下跌了22.5％，交易价格为2.27美元。
These analysts made changes to their price targets on Chegg following earnings announcement.
这些分析师根据盈利公告对Chegg的价格目标进行了调整。
- Piper Sandler analyst Arvind Ramnani maintained Chegg with an Underweight rating, while lowering the price target from $6 to $2.
- Northland Capital Markets analyst Mike Grondahl maintained the stock with a Market Perform and lowered the price target from $7 to $6.
- Morgan Stanley analyst Josh Baer maintained Chegg with an Equal-Weight rating, while cutting the price target from $3.25 to $3.
- Piper Sandler分析师Arvind Ramnani保持对Chegg的卖出评级，但将价格目标从6美元降至2美元。
- Northland Capital Markets分析师Mike Grondahl保持Market Perform的股票评级，并将价格目标从7美元降至6美元。
- 摩根士丹利（Morgan Stanley）分析师Josh Baer保持Chegg的中性评级，但将价格目标从3.25美元下调至3美元。
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