Udemy Inc UDMY.OQ reported quarterly adjusted earnings of 16 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of ten analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 10 cents to 13 cents per share.
Revenue rose 2.8% to $199.88 million from a year ago; analysts expected $197.01 million.
Udemy Inc's reported EPS for the quarter was 4 cents.
The company reported quarterly net income of $6.27 million.
Udemy Inc shares had risen by 1.4% this quarter and lost 13.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4.9% 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 7 "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 $11.00, about 35.2% above its last closing price of $7.13
This summary was machine generated from LSEG data July 30 at 09:01 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)