Chegg (CHGG) Expected to Announce Earnings on Wednesday

Chegg (NYSE:CHGG) is expected to be announcing its Q1 2026 results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $66.8010 million for the quarter. Individuals may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 4:30 PM ET.

Chegg (NYSE:CHGG) last posted its earnings results on Monday, February 9th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.18. Chegg had a negative net margin of 27.44% and a negative return on equity of 18.30%. The company had revenue of $72.66 million during the quarter, compared to analyst estimates of $71.00 million. On average, analysts expect Chegg to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Chegg Trading Up 6.5%

NYSE CHGG traded up $0.08 during trading on Tuesday, hitting $1.23. The company had a trading volume of 1,217,873 shares, compared to its average volume of 1,288,856. Chegg has a one year low of $0.45 and a one year high of $1.90. The company’s fifty day moving average is $0.76 and its 200-day moving average is $0.87. The company has a market cap of $137.15 million, a price-to-earnings ratio of -1.27 and a beta of 2.12.

Analyst Ratings Changes

Several brokerages have commented on CHGG. Weiss Ratings reissued a “sell (e+)” rating on shares of Chegg in a report on Friday, March 27th. Needham & Company LLC restated a “hold” rating on shares of Chegg in a report on Tuesday, February 10th. Finally, Zacks Research cut shares of Chegg from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Hedge Funds Weigh In On Chegg

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Chegg during the fourth quarter valued at about $49,000. Invesco Ltd. grew its stake in Chegg by 20.1% during the 4th quarter. Invesco Ltd. now owns 453,140 shares of the technology company’s stock valued at $421,000 after purchasing an additional 75,780 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Chegg by 14.6% during the 4th quarter. Mackenzie Financial Corp now owns 1,186,294 shares of the technology company’s stock worth $1,091,000 after purchasing an additional 151,299 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Chegg by 12.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 697,504 shares of the technology company’s stock valued at $649,000 after buying an additional 76,495 shares during the last quarter. Finally, Graham Capital Management L.P. grew its position in shares of Chegg by 67.5% during the fourth quarter. Graham Capital Management L.P. now owns 208,863 shares of the technology company’s stock worth $194,000 after buying an additional 84,134 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

Chegg Company Profile

Chegg, Inc (NYSE: CHGG) is a leading education technology company headquartered in Santa Clara, California. Originally founded in 2005, Chegg has evolved from a textbook rental service into a comprehensive digital learning platform. Its suite of subscription-based offerings addresses a wide range of academic needs, catering primarily to high school and college students seeking homework help, study resources, and career guidance.

The company’s core services include Chegg Study, which provides step-by-step solutions and expert Q&A support; Chegg Writing, offering plagiarism checks and guided writing assistance; and Chegg Math Solver, a tool for solving mathematical problems with detailed explanations.