Chegg, Inc. CHGG, a student-first connected learning platform, reported adjusted loss of 3 cents in first-quarter 2017, narrower than the Zacks Consensus Estimate of a loss of 6 cents.Meanwhile, net revenue of $62.60 million surpassed the Zacks Consensus Estimate of $58.35 million by 7.3% but declined 6% year over year. However, non-GAAP total net revenue increased 34% year over year, driven by growth in Chegg Services.Chegg Service revenues of $41 million increased 61% year over year. Chegg Service subscriber base totaled 1.1 million in the quarter.Gross profit of $41.2 million increased 48.7% during the quarter. Gross margin of 66% rose on the back of strong top-line growth and increased synergies from Chegg Services.Adjusted EBITDA of $9.5 million compares favorably with the year-ago loss of $0.49 million. The figure is also 30% above the high-end of the company’s expectations,. Notably, this represents the first profitable quarter on an adjusted EBITDA basis for the company.FinancialsChegg had cash and cash equivalents of $70.3 million as of Mar 31, 2017, compared with $41.5 million as of Mar 31, 2016.Chegg, Inc. Price, Consensus and EPS Surprise Chegg, Inc. Price, Consensus and EPS Surprise | Chegg, Inc. Quote2Q17 GuidanceTotal Net Revenues in expected in the range of $52 million to $54 million, while Chegg Services Revenues are estimated in the $42 million to $44 million band.Gross margin is anticipated between 68% and 70%, while adjusted EBITDA is expected to be around $7–$9 million.2017 GuidanceTotal Net Revenues is projected in the range of $235 million to $240 million while Chegg Service revenues are projected in the $175–$180 million range,Gross margin is expected to be greater than 65% while adjusted EBITDA in the $38 million to $40 million range.Capital expenditures are estimated in the band of $20 million to $25 million. Free cash flow is expected in the $15 million to $20 million range.Zacks RankChegg has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stocks to ConsiderBetter-ranked stocks in the same industry include 2U, Inc. TWOU, Amaya Inc. AYA and Everbridge, Inc EVBG. All three companies carry a Zacks Rank #2 (Buy).2U surpassed earnings estimates in all of the past four quarters, with an average beat of 24.74%.Amaya is expected to witness 10.1% earnings growth in 2017. Everbridge is likely to see 7.1% earnings growth in 2017.5 Trades Could Profit "Big-League" from Trump PoliciesIf the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chegg, Inc. (CHGG): Free Stock Analysis Report Amaya Inc. (AYA): Free Stock Analysis Report 2U, Inc. (TWOU): Free Stock Analysis Report Everbridge, Inc. (EVBG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research