2U Inc reports results for the quarter ended in December - Earnings Summary

2U

12/02/2024 22:02

* 2U Inc  TWOU.OQ  reported quarterly adjusted earnings of
48
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 64 cents per share. Wall Street expected
results to range from 56 cents to 70 cents per share.
    * Revenue rose 8.3% to $255.66 million from a year ago;
analysts
expected $281.44 million. 
    * 2U Inc's reported EPS for the quarter was a loss of 52
cents​.
    * The company reported a quarterly loss of $42.45 million.
    * 2U Inc shares had fallen by 35.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for 2U Inc is
$2.50 

This summary was machine generated from LSEG data February 12 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.64           0.48           Missed
 Sep. 30 2023      -0.13          -0.15          Missed
 Jun. 30 2023      -0.07          -0.18          Missed
 Mar. 31 2023      -0.07          -0.10          Missed