2U Inc surges to near 2-year high after results

2U

12/02/2021 15:54

** 2U Inc  TWOU.O  shares up 12.39% at $55.26; on pace for
biggest daily pct gain since Mar 26
    ** Shares earlier reached a high of $56.47, highest level
since May 6, 2019 after posting Q4 results and outlook following
the close on Thurs  urn:newsml:reuters.com:*:nASA01QAL
    ** TWOU reported Q4 adj loss of 6 cents per share vs
estimate for 16 cents per share loss, per Refinitiv data;
revenue rose 31.9% to $215.29 mln from a year ago vs analysts
expectation of $208.23 mln
    ** For FY21, TWOU forecast adj EBITDA between $45 mln to $65
mln, net loss of $185 mln to $165 mln and revenue of $910 mln to
$945 mln; Refinitiv EBITDA estimate is $37.75 mln, mean net loss
estimate is $173.76 mln and revenue estimate is $919.86 mln 
    ** Median analyst PT $55; among the 16 analysts that cover
TWOU, the breakdown of recommendations are 10 "strong buy" or
"buy," and 6 "hold"



 ((charles.mikolajczak@tr.com; @ChuckMik; Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))