Coursera Earnings: What To Look For From COUR
Online learning platform Coursera (NYSE:COUR) will be announcing earnings results tomorrow after market hours. Here’s what to look for.
Coursera beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $170.3 million, up 10.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but slow revenue growth. It reported 155 million users, up 20.2% year on year.
Is Coursera a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Coursera’s revenue to grow 5.1% year on year to $174 million, slowing from the 21.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coursera has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.8% on average.
Looking at Coursera’s peers in the consumer internet segment, only Netflix has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 15%. The stock traded up 11.1% on the results.
Read our full analysis of Netflix’s earnings results here.Investors in the consumer internet segment have had steady hands going into earnings, with share prices flat over the last month. Coursera is down 1.6% during the same time and is heading into earnings with an average analyst price target of $15.83 (compared to the current share price of $7.75).
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