Online learning platform Coursera (NYSE:COUR) reports results tomorrow afternoon. This is what you can expect.
Coursera beat analysts’ revenue expectations by 2.5% last quarter, reporting revenue of $168.9 million, up 18.8% year over year. It was a mixed quarter for the company, with strong user growth but disappointing revenue expectations for the next quarter. The company reported 142 million users, up 20.3% year over year.
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This quarter, analysts expect Coursera’s revenue to grow 15.4% year over year to $170.4 million, a slowdown from the 22.6% increase recorded in the same quarter last year. Adjusted earnings are expected to be $0.01 per share.
The majority of analysts covering the company have reaffirmed their estimates from the last thirty days, suggesting they expect the company to continue its trajectory on the earnings front. Coursera has missed Wall Street revenue estimates just once over the past two years, beating revenue expectations by an average of 3.2%.
Looking at Coursera’s competitors in the consumer internet segment, some have already reported their first quarter results, giving us a hint of what to expect. Netflix (NASDAQ:) achieved year-over-year revenue growth of 14.8%, meeting analyst expectations. Roku (NASDAQ:) reported a 19% increase in sales, beating Wall Street consensus estimates by 3.7%. Netflix fell 9.1% after the results, while Roku also fell 10.3%.
Read the full analysis of Netflix and Roku’s results on StockStory.
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Stocks, especially growth stocks whose cash flows are more important to the story further into the future, had a good end to 2023. But the start of 2024 has seen a more volatile stock performance due to mixed inflation data, and while some consumer internet data stocks have fared slightly better done and have not been spared; the share price is down 3.9% in the past month. Coursera is down 13.9% over the same period and is heading for gains with an average price target of $22.7 (compared to the stock price of $11.97).
