Posted by admin on May 8th, 2022 
Analysts expect Udemy, Inc. (NASDAQ:UDMY – Get Rating) to announce ($0.14) earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for Udemy’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.17). The company is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Udemy will report full-year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($0.75) to ($0.57). For the next fiscal year, analysts expect that the company will report earnings of ($0.53) per share, with EPS estimates ranging from ($0.68) to ($0.41). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Udemy.
Udemy (NASDAQ:UDMY – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. The firm had revenue of $152.20 million during the quarter, compared to the consensus estimate of $146.63 million. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.21) earnings per share.
Several brokerages have issued reports on UDMY. Cantor Fitzgerald began coverage on Udemy in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 target price on the stock. Zacks Investment Research upgraded Udemy from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Wednesday, April 13th. KeyCorp decreased their price objective on Udemy from $20.00 to $15.00 in a research note on Thursday. Piper Sandler decreased their price objective on Udemy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, February 10th. Finally, Needham & Company LLC decreased their price objective on Udemy from $25.00 to $17.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $26.85.
A number of institutional investors have recently bought and sold shares of the stock. Emerald Advisers LLC purchased a new position in shares of Udemy in the 4th quarter worth about $4,355,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Udemy in the 4th quarter worth about $2,937,000. New York State Common Retirement Fund purchased a new position in shares of Udemy in the 4th quarter worth about $49,000. Daiwa Securities Group Inc. purchased a new position in shares of Udemy in the 4th quarter worth about $25,000. Finally, Northern Trust Corp purchased a new position in shares of Udemy in the 4th quarter worth about $2,414,000. Institutional investors and hedge funds own 66.69% of the company’s stock.
Shares of UDMY opened at $12.54 on Thursday. The company has a fifty day moving average price of $11.87. Udemy has a 1 year low of $9.66 and a 1 year high of $32.62.
Udemy Company Profile (Get Rating)
Udemy, Inc operates a marketplace platform for teaching and learning skills in the United States and internationally. The company offers technical and business skills, and personal development courses for individual learners and enterprise customers. Its platform provides 49 million learners with access to approximately 180,000 courses through direct-to-consumer or Udemy Business offerings in approximately 75 languages.
Featured Stories
Get a free copy of the Zacks research report on Udemy (UDMY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Udemy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Udemy and related companies with MarketBeat.com’s FREE daily email newsletter.
Jefferies Financial Group Increases Spin Master (TSE:TOY) Price Target to C$60.00
-$6.92 Earnings Per Share Expected for Nabors Industries Ltd. (NYSE:NBR) This Quarter
