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

2U

08/08/2023 23:03

* 2U Inc  TWOU.OQ  reported a quarterly adjusted loss of 18
cents​​ per share for the quarter ended in June. The mean
expectation of thirteen analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue fell 8% to $222.09 million from a year ago;
analysts
expected $234.15 million. 
    * 2U Inc's reported EPS for the quarter was a loss of
$2.16​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * 2U Inc shares had risen by 9.7% this quarter and
lost 29.5% so
far this year.
    * The company reported a quarterly loss of $173.65 million.
    * Wall Street's median 12-month price target for 2U Inc is
$7.45 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.07          -0.18          Missed
 Mar. 31 2023      -0.07          -0.10          Missed
 Dec. 31 2022      0.21           0.23           Beat
 Sep. 30 2022      -0.03          -0.05          Missed