For the quarter ended September 2023, Chegg (CHGG Quick QuoteCHGG - Free Report) reported revenue of $157.85 million, down 4.2% over the same period last year. EPS came in at $0.18, compared to $0.21 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $152.03 million, representing a surprise of +3.83%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $0.17.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Chegg performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Chegg Services subscribers: 4,400 thousand versus the four-analyst average estimate of 4,424.55 thousand.
• Revenue- Skills and Other: $17.94 million versus the six-analyst average estimate of $16.11 million.
• Revenue- Subscription Services: $139.91 million versus the six-analyst average estimate of $135.97 million.

View all Key Company Metrics for Chegg here>>>

Shares of Chegg have returned -4.9% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.