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

Coursera

30/04/2024 02:35

* Coursera Inc  COUR.N  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from -4 cents to 3 cents per share.
    * Revenue rose 14.5% to $169.07 million from a year ago;
analysts
expected $170.43 million. 
    * Coursera Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $21.26 million.
    * Coursera Inc shares had fallen by 14.6% this quarter and
lost 38.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 531.4%
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 "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Coursera Inc is
$23.00 
This summary was machine generated from LSEG data April 30 at
01:35 a.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      0.01           0.07           Beat
 Dec. 31 2023      0.00           0.06           Beat
 Sep. 30 2023      -0.07          -0.01          Beat
 Jun. 30 2023      -0.10          0.00           Beat