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

Udemy

31/07/2024 22:02

* Udemy Inc  UDMY.OQ  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -5 cents to 1 cents per share.
    * Revenue rose 9% to $194.36 million from a year ago;
analysts
expected $194.16 million. 
    * Udemy Inc's reported EPS for the quarter was a loss of 21
cents​.
    * The company reported a quarterly loss of $31.81 million.
    * Udemy Inc shares had risen by 5.9% this quarter and
lost 37.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 59.1%
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 9 "strong buy" or "buy," 3
"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
$13.88 
This summary was machine generated from LSEG data July 31 at
09:02 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
 Jun. 30 2024      -0.01          -0.04          Missed
 Mar. 31 2024      -0.01          0.03           Beat
 Dec. 31 2023      -0.02          0.02           Beat
 Sep. 30 2023      -0.02          0.05           Beat