Online study platform Chegg (NYSE:CHGG) will report earnings this week. Last quarter, revenue beat expectations by 3.8%, totaling $105.1 million, a 35.6% drop from last year. Analysts predict a 44.2% revenue decline this quarter, with an expected adjusted loss of -$0.08 per share.
Analysts expect Chegg’s revenue to decline further this quarter. Analysts have maintained estimates, with Chegg exceeding expectations by 2.3% on average over the past two years. Peers like Roku and Duolingo have reported mixed results, with Roku trading up 6.2% and Duolingo down 25.9%.
The market has shifted since Trump’s win, impacting consumer subscription stocks. Despite solid performance by some, the group has generally underperformed, with share prices down 3.6% on average in the last month. Chegg has seen a 28.7% drop during the same period.
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Read more at Yahoo Finance: Chegg (CHGG) Q3 Earnings Report Preview: What To Look For
