2U Inc expected to post a loss of 34 cents a share - Earnings Preview

2U

22/04/2024 12:19

* 2U Inc  TWOU.OQ   TWOU.O  is expected to show a fall in
quarterly revenue when it reports  results on April 24
(estimated) for the period ending March 31 2024
    * The Lanham Maryland-based  company is expected to report a
17.8% decrease in revenue to $196.144 million from $238.5
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on February
12 2024, for the period ended March 31, was for revenue between
$195.00 million and $198.00 million.
    * ​LSEG's mean analyst estimate for 2U Inc is for a loss
of 34
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for 2U Inc is
$1.13​,
above​ its last closing price of $0.25. ​​​

The company's guidance on February 12 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD195 million and USD12 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.64        0.64       0.48      Missed  -24.7
 Sep. 30 2023  -0.13       -0.13      -0.15     Missed  -13.2
 Jun. 30 2023  -0.08       -0.07      -0.18     Missed  -144.3
                                                        ​
 Mar. 31 2023  -0.05       -0.07      -0.10     Missed  -46.9
 ​​Dec.        0.20        0.21       0.23      Beat    9.5
 31 2022                                                
 Sep. 30 2022  0.00        -0.03      -0.05     Missed  -84.6​
 Jun. 30 2022  -0.17       -0.19      -0.10     Beat    46.5
 Mar. 31 2022  -0.25       -0.26      -0.24     Beat    8.7
 This summary was machine generated April 22 at 11:19 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)