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Coursera Inc(COUR-N)
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Earnings To Watch: Coursera (COUR) Reports Q2 Results Tomorrow

StockStory - Wed Jul 26, 2023

COUR Cover Image

Online learning platform Coursera (NYSE:COUR) will be announcing earnings results tomorrow after market close. Here's what investors should know.

Last quarter Coursera reported revenues of $147.6 million, up 22.6% year on year, beating analyst revenue expectations by 6.39%. It was a strong quarter for the company, with a solid beat of analyst estimates and a growing number of users. The company reported 124 million users, up 21.6% year on year.

Is Coursera buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Coursera's revenue to grow 17.2% year on year to $146.2 million, slowing down from the 22.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.10 per share.

Coursera Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 3.73%.

Looking at Coursera's peers in the consumer internet segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Netflix delivered top-line growth of 2.72% year on year, missing analyst estimates by 1.24% and Teladoc reported revenues up 10.1% year on year, exceeding estimates by 0.5%. Netflix was down 2.97%, and Teladoc was up 7.59%. Read our full analysis of Netflix's results here and Teladoc's results here.

There has been positive sentiment among investors in the consumer internet segment, with the stocks up on average 9.19% over the last month. Coursera is up 3.16% during the same time, and is heading into the earnings with analyst price target of $17.6, compared to share price of $13.05.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.