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.
週一，Chegg, Inc. (NYSE:CHGG)發佈了令人振奮的第二季度財務業績報告，但第三季度營收預期低於預期。
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.
根據Benzinga Pro的報道，Chegg在第二季度的收入同比下降11％，達到了16310萬美元，超出了15998萬美元的共識預期。該公司報告了第二季度每股調整後收益爲28美分，超過了每股22美分的分析師預期。
"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的總裁兼CEO Nathan Schultz表示：“對於Chegg來說，第二季度是具有轉型意義的，我們完成了重組，規劃了令人興奮的未來發展願景，並在開學季節之際完成了話術指導能力和自動化解決方案的全面推出。”
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預計第三季度營業收入區間爲13300萬美元至13500萬美元，訂閱收入預計在11600萬美元至11800萬美元之間。第三季度毛利率預計在67％至68％之間。Chegg預計第三季度調整後EBITDA爲1900萬美元至2100萬美元。
Chegg shares fell 22.5% to trade at $2.27 on Tuesday.
週二，Chegg股票下跌了22.5％，交易價格爲2.27美元。
These analysts made changes to their price targets on Chegg following earnings announcement.
這些分析師根據盈利公告對Chegg的價格目標進行了調整。
- 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分析師Arvind Ramnani保持對Chegg的賣出評級，但將價格目標從6美元降至2美元。
- Northland Capital Markets分析師Mike Grondahl保持Market Perform的股票評級，並將價格目標從7美元降至6美元。
- 摩根士丹利（Morgan Stanley）分析師Josh Baer保持Chegg的中性評級，但將價格目標從3.25美元下調至3美元。
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