Online learning platform Coursera (NYSE: COUR) will be reporting earnings this Wednesday afternoon. Here’s what you need to know.
Coursera met analysts’ revenue expectations last quarter, reporting revenues of $195.7 million, up 9.1% year on year. It was a slower quarter for the company, with full-year revenue guidance meeting analysts’ expectations and a miss of analysts’ EBITDA estimates.
Is Coursera a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Coursera’s revenue to grow 56.9% year on year, improving from the 9.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Coursera has a history of exceeding Wall Street’s expectations.
Looking at Coursera’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 13.4%, meeting analysts’ expectations, and Alphabet reported revenues up 24.2%, topping estimates by 2.2%. Netflix traded down 7.3% following the results while Alphabet was also down 7.1%.
Read our full analysis of Netflix’s results here and Alphabet’s results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Coursera is down 1.8% during the same time and is heading into earnings with an average analyst price target of $8 (compared to the current share price of $5.58).
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