Yahoo Finance Coursera Earnings: What To Look For From COUR
Online learning platform Coursera (NYSE:COUR) will be reporting results tomorrow after market hours. Here's what to look for.
Coursera met analysts' revenue expectations last quarter, reporting revenues of $169.1 million, up 14.5% year on year. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and slow revenue growth. It reported 148 million users, up 19.4% 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 7.1% year on year to $164.6 million, slowing from the 23.2% 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 missed Wall Street's revenue estimates twice over the last two years.
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 16.8%. The stock was down 1.5% on the results.
Read our full analysis of Netflix's earnings results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 2.9% on average over the last month. Coursera is up 15.7% during the same time and is heading into earnings with an average analyst price target of $16.5 (compared to the current share price of $7.5).
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