Udemy Inc reports results for the quarter ended in September 30 - Earnings Summary

Udemy

30/10/2024 02:52

* Udemy Inc  UDMY.OQ  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from -2 cents to 4 cents per share.
    * Revenue rose 5.8% to $195.42 million from a year ago;
analysts
expected $192.66 million. 
    * Udemy Inc's reported EPS for the quarter was a loss of 17
cents​.
    * The company reported a quarterly loss of $25.27 million.
    * Udemy Inc shares had risen by 11.0% this quarter and
lost 43.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 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 Udemy Inc is
11.00 
This summary was machine generated from LSEG data October 30 at
02:52 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
 Sep. 30 2024      0.01           0.07           Beat
 Jun. 30 2024      -0.01          -0.04          Missed
 Mar. 31 2024      -0.01          0.03           Beat
 Dec. 31 2023      -0.02          0.02           Beat