Chegg (CHGG) Stock: Why The Price Increased After Hours

By Amit Chowdhry ● Feb 8, 2022
  • The stock price of Chegg Inc (NYSE: CHGG) increased by 7.08% in after-hours trading. This is why it happened.

The stock price of Chegg Inc (NYSE: CHGG) increased by 7.08% in after-hours trading. Investors are responding positively to the company’s fourth-quarter results.

Chegg reported Q4 EPS of $0.38, which was $0.07 better than analyst estimates of $0.31. And the revenue for the quarter was $207.5 million compared to the consensus estimate of $195.2 million.

In terms of guidance, Chegg expects FY2022 revenue of $830-850 million, compared to the consensus of $826.9 million. The adjusted EBITDA is expected to be in the range of $260 million to $270 million. Chegg also expects Q1 2022 revenue of $200-205 million, compared to the consensus of $198.1 million.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.