Udemy Inc reports results for the quarter ended in December - Earnings Summary

Udemy

14/02/2024 23:39

* Udemy Inc  UDMY.OQ  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -16
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 2 cents per share. Wall Street expected
results to range from -5 cents to 1 cents per share.
    * Revenue rose 14.6% to $189.55 million from a year ago;
analysts
expected $186.05 million. 
    * Udemy Inc's reported EPS for the quarter was a loss of 13
cents​.
    * The company reported a quarterly loss of $20.25 million.
    * Udemy Inc shares had fallen by 5.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "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 Udemy Inc is
$15.30 
This summary was machine generated from LSEG data February 14 at
11:38 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
 Dec. 31 2023      -0.02          0.02           Beat
 Sep. 30 2023      -0.02          0.05           Beat
 Jun. 30 2023      -0.07          -0.01          Beat
 Mar. 31 2023      -0.14          -0.06          Beat