Benzinga | Oct 29, 2021 10:40AM EDT

Preview: Chegg's Earnings

Chegg (NYSE:CHGG) is set to give its latest quarterly earnings report on Monday, 2021-11-01. Here's what investors need to know before the announcement.

Analysts estimate that Chegg will likely report an Earnings Per Share (EPS) of $0.20

Chegg bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 16.22%, which was followed by a 6.54% increase in the share price the next day.

Here's a look at Chegg's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.37 0.30 0.49 0.10EPS Actual 0.43 0.28 0.55 0.17Price Change % 6.54% 0.2% 0.34% -11.05%

Stock Performance

Shares of Chegg were trading at $58.09 as of October 28. Over the last 52-week period, shares are down 19.9%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here