Markets

Q4, 2019, and 2020 Earnings Estimates for Chegg Raised

3:46PM ET 11/07/2019 MT Newswires
Chegg Inc's (NYSE:CHGG, Recent Price: 33.54) consensus estimates for Q4 ending December 31, 2019, and the forecasts for 2019 and 2020 have been revised upward. The Q4 earnings estimate has been raised to $0.28 per share, up from the previous consensus forecast of $0.08 per share, as have the full year estimates for 2019 and 2020. The 2019 estimate has been raised to $0.81 per share from the previous consensus estimate of $0.74 per share and the full year 2020 estimate has been increased from $0.91 per share to $0.95 per share. There are currently 13 estimates used to derive the Q4 forecast and 13 available estimates included in the full year forecasts for both 2019 and 2020.