Online learning platform Coursera (NYSE:COUR) will report earnings tomorrow afternoon. Here’s what to expect.
Last quarter, Coursera beat analysts’ revenue expectations by 2.5%, reporting revenue of $168.9 million, up 18.8% year over year. It was a mixed quarter for the company, with strong user growth but disappointing revenue guidance for the next quarter. The company reported 142 million users, up 20.3% from last year.
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Analysts expect Coursera’s revenue to rise 15.4% year over year to $170.4 million this quarter, slowing from the 22.6% growth recorded in the same quarter last year. Adjusted earnings are expected to be $0.01 per share.
Most analysts covering the company have reiterated their estimates over the past 30 days, suggesting they expect the business to continue on its earnings path. Coursera has missed Wall Street’s earnings forecasts only once in the past two years, beating revenue expectations by an average of 3.2%.
Looking at Coursera’s competitors in the consumer Internet space, several of them have already reported their first-quarter results, giving us a hint of what we can expect. Netflix (NASDAQ:) posted revenue growth of 14.8% year over year, beating analysts’ expectations. Roku (NASDAQ:) reported revenue rose 19%, beating the Wall Street consensus estimate of 3.7%. Netflix shares fell 9.1% after the results were released, while Roku shares also fell 10.3%.
Read StockStory’s full analysis of Netflix and Roku’s performance.
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Stocks, especially growth stocks where future cash flows are more important to the story, had a strong end to 2023. But the stock’s performance has become more volatile in early 2024 due to mixed inflation data, and while some users have fared slightly better with the stock, they haven’t been spared, with the share price down 3.9% over the past month. Coursera’s stock fell 13.9% over the same period and is approaching earnings, with an average analyst price target of $22.7 (versus the stock’s $11.97 price).