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

Udemy

02/11/2023 22:44

* Udemy Inc  UDMY.OQ  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -15 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 tozero cents per share.
    * Revenue rose 16.6% to $184.72 million from a year ago;
analysts
expected $178.20 million. 
    * Udemy Inc's reported EPS for the quarter was a loss of 11
cents​.
    * The company reported a quarterly loss of $16.77 million.
    * Udemy Inc shares had fallen by 6.8% this quarter and
lost 16.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 48.5%
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," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Udemy Inc
is
$13.00 

This summary was machine generated from LSEG data November 2 at
10:44 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.02          0.05           Beat
 Jun. 30 2023      -0.07          -0.01          Beat
 Mar. 31 2023      -0.14          -0.06          Beat
 Dec. 31 2022      -0.23          -0.16          Beat