Udemy Earnings Preview: Anticipating Results and Market Outlook
Earnings Release:
Udemy (UDMY) is scheduled to announce its earnings results tomorrow, post-market.
Analysts' Expectations:
Analysts forecast Udemy's revenue to rise 2.7% year-over-year to $194.7 million. Adjusted earnings per share are projected at $0.07.
Recent Performance:
Last quarter, Udemy surpassed analysts' revenue estimates by 1.4%, reporting revenue of $195.4 million. While the company exceeded EBITDA estimates, its number of monthly active buyers was in line with expectations.
Industry Insights:
Peer companies Coursera and Match Group have already reported their Q4 results. Coursera reported 6.1% revenue growth, exceeding consensus estimates. Match Group's revenue remained flat, meeting expectations.
Investor Sentiment:
The consumer subscription segment has experienced positive investor sentiment, with share prices rising 9.8% over the past month. However, Udemy's share price has declined 8% during that period.
Analyst Price Target:
Analysts have set an average price target of $10.42 for Udemy, compared to its current share price of $7.66.
Disclaimer: The information presented is for informational purposes only and should not be considered investment advice.