CHGG - This week's under the radar earnings reports
This week's earnings had some major surprises, with Peloton (NASDAQ:PTON) and Zillow (NASDAQ:Z) both failing to meet expectations. Here are some names that may have been overlooked. Chegg, Inc. (NYSE:CHGG) was this week's biggest loser post-earnings. The 24/7 online homework help platform blamed fewer college enrollments and easier classes in the U.S. for its earnings miss. According to the National Student Clearinghouse Research Center, postsecondary enrollment for combined undergraduate and graduate students for the fall semester dropped by 2.3% this year. At primarily online institutions, undergraduate and graduate enrollments declined by 5.4% and 13.6%, respectively. CEO Dan Rosensweig tried to downplay the miss, saying that the industry headwinds were short-term effects caused by the COVID-19 pandemic and a strong labor market. Still, shares have dropped 50% since Monday. The bad news affected other stocks in the education segment. Coursera (NYSE:COUR), which focuses more on post-graduate certification, reported an earnings beat, but is still down 7% as
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This week's under the radar earnings reports