Online studying platform Coursera (NYSE:COUR) shall be reporting earnings tomorrow afternoon. Here’s what to anticipate.
Coursera beat analysts’ income expectations by 2.5% final quarter, reporting revenues of $168.9 million, up 18.8% yr on yr. It was a combined quarter for the corporate, with robust progress in its customers however underwhelming income steerage for the following quarter. The firm reported 142 million customers, up 20.3% yr on yr.
Is Coursera a purchase or promote going into earnings? Find out by studying the unique article on StockStory, it is free.
This quarter, analysts predict Coursera’s income to develop 15.4% yr on yr to $170.4 million, slowing from the 22.6% improve it recorded in the identical quarter final yr. Adjusted earnings are anticipated to secome in at $0.01 per share.
The majority of analysts masking the corporate have reconfirmed their estimates during the last 30 days, suggesting they’re anticipating the enterprise to remain the course heading into earnings. Coursera has solely missed Wall Street’s income estimates as soon as during the last two years, exceeding top-line expectations by 3.2% on common.
Looking at Coursera’s friends within the client web section, some have already reported their Q1 outcomes, giving us a touch as to what we will anticipate. Netflix (NASDAQ:) delivered year-on-year income progress of 14.8%, assembly analysts’ expectations, and Roku (NASDAQ:) reported revenues up 19%, topping Wall Street’s consensus estimates by 3.7%. Netflix traded down 9.1% following the outcomes whereas Roku was additionally down 10.3%.
Read the complete evaluation of Netflix’s and Roku’s outcomes on StockStory.
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Stocks, particularly progress shares the place money flows additional sooner or later are extra vital to the story, had a very good finish of 2023. But the start of 2024 has seen extra risky inventory efficiency as a consequence of combined inflation information, and whereas a number of the client web shares have fared considerably higher, they haven’t been spared, with share value declining 3.9% during the last month. Coursera is down 13.9% throughout the identical time and is heading into earnings with a mean analyst value goal of $22.7 (in comparison with share value of $11.97).