* Udemy Inc reported quarterly adjusted earnings of 7 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of twelve analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -2 cents to 4 cents per share.
* Revenue rose 5.8% to $195.42 million from a year ago; analysts expected $192.66 million.
* Udemy Inc's reported EPS for the quarter was a loss of 17 cents.
* The company reported a quarterly loss of $25.27 million.
* Udemy Inc shares had risen by 11.0% this quarter and lost 43.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 39.9% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "hold" and 1 "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 This summary was machine generated from LSEG data October 30 at 02:52 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.01 0.07 Beat
Jun. 30 2024 -0.01 -0.04 Missed
Mar. 31 2024 -0.01 0.03 Beat
Dec. 31 2023 -0.02 0.02 Beat
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