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Brokerages expect that Udemy Inc (NASDAQ:UDMY) will announce $132.41 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Udemy’s earnings. The highest sales estimate is $132.90 million and the lowest is $131.85 million. The firm is scheduled to report its next earnings report on Wednesday, March 9th.
On average, analysts expect that Udemy will report full-year sales of $512.56 million for the current fiscal year, with estimates ranging from $512.06 million to $513.10 million. For the next fiscal year, analysts anticipate that the business will report sales of $628.87 million, with estimates ranging from $621.42 million to $636.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Udemy.
Udemy (NASDAQ:UDMY) last announced its earnings results on Tuesday, December 7th. The company reported ($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $129.60 million for the quarter, compared to analysts’ expectations of $125.59 million. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS.
Several brokerages recently weighed in on UDMY. KeyCorp began coverage on shares of Udemy in a report on Tuesday, November 23rd. They issued an “overweight” rating and a $37.00 target price on the stock. Truist reduced their target price on shares of Udemy from $42.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, December 9th. The analyst cites sector volatility and compressed multiples for his price target cut, but he is positive on the company’s first quarterly results post-IPO as revenue for both Consumer and Udemy Business and Enterprise segments were “well above” his estimates. Tillman adds that Udemy Business continues to perform at high level with 84% y/y growth, and he expects seasonal strength in both segments during Q4. Truist Securities dropped their price target on shares of Udemy from $42.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, December 9th. Morgan Stanley initiated coverage on shares of Udemy in a research note on Tuesday, November 23rd. They issued an “equal weight” rating and a $36.00 price target on the stock. Finally, William Blair initiated coverage on shares of Udemy in a research note on Tuesday, November 23rd. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $36.00.
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Shares of NASDAQ:UDMY opened at $18.98 on Tuesday. The company has a 50 day moving average price of $23.34. Udemy has a fifty-two week low of $16.21 and a fifty-two week high of $32.62.
Udemy Company Profile
Udemy Inc develops educational software solutions. The Company offers an online course in various subjects including technology, Internet, business, creative and performing arts, health and fitness, language and music. Udemy Inc is based in San Francisco, United States.
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