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

2U

02/05/2024 22:53

* 2U Inc  TWOU.OQ  reported a quarterly adjusted loss of 22
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of six analysts for the quarter was
for a loss of 34 cents per share. Wall Street expected
results to range from -38 cents to -29 cents per share.
    * Revenue fell 16.8% to $198.38 million from a year ago;
analysts
expected $196.14 million. 
    * 2U Inc's reported EPS for the quarter was a loss of 65
cents​.
    * The company reported a quarterly loss of $54.65 million.
    * 2U Inc shares had fallen by 36.8% this quarter and
lost 80.0% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 328.5% 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 no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for 2U Inc is $1.13 
This summary was machine generated from LSEG data May 2 at 09:53
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
 Mar. 31 2024      -0.34          -0.22          Beat
 Dec. 31 2023      0.64           0.48           Missed
 Sep. 30 2023      -0.13          -0.15          Missed
 Jun. 30 2023      -0.07          -0.18          Missed