Better College Enrollments Data Positive for Chegg (CHGG) - KeyBanc

KeyBanc analyst Jason Celino said better-than-expected college enrollment data is a positive for Chegg (NYSE: CHGG)
and modest positive for 2u (NASDAQ: TWOU).

The analyst commented, "This morning the National Student Clearinghouse Research Center, a leading non-profit educational reporting organization, published initial enrollment data for fall term with undergraduate enrollments declining by 2.5% y/y. This is slightly better than our analysis (which we published on September 22) suggesting declines were tracking toward the LSD-MSD. Further validating our view that college enrollment declines are tracking much better than feared, we view this as a positive for CHGG. This is also a modest positive for TWOU, with graduate enrollments up 3.9% y/y."

You May Also Be Interested In