Online learning platform Coursera (NYSE:COUR) will be reporting earnings this Thursday afternoon. Here’s what you need to know.
Coursera beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $179.3 million, up 6.1% year on year. It was a strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations. It reported 175.3 million active customers, up 18% year on year.
Is Coursera a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Coursera’s revenue to grow 6% year on year to $180.5 million, slowing from the 10.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coursera has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Coursera’s peers in the consumer internet segment, only Netflix has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 15.9%. The stock was down 5.2% on the results.
Read our full analysis of Netflix’s earnings results here.There has been positive sentiment among investors in the consumer internet segment, with share prices up 9% on average over the last month. Coursera is up 6.9% during the same time and is heading into earnings with an average analyst price target of $9.85 (compared to the current share price of $9.01).
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