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

2U

26/04/2023 22:01

* 2U Inc  TWOU.OQ  reported a quarterly adjusted loss of 10
cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue fell 5.9% to $238.50 million from a year ago;
analysts
expected $238.50 million. 
    * 2U Inc's reported EPS for the quarter was a loss of 68
cents​.
    * The mean earnings estimate of analysts had fallen by
about 118.4% 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 fallen by 28.0% this quarter and
lost 21.4% so
far this year.
    * The company reported a quarterly loss of $54.06 million.
    * Wall Street's median 12-month price target for 2U Inc is
$10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.19          -0.10          Beat