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Coursera Inc(COUR-N)
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What To Expect From Coursera’s (COUR) Q3 Earnings

StockStory - Wed Oct 25, 2023

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Online learning platform Coursera (NYSE:COUR) will be reporting earnings tomorrow after market close. Here's what to expect.

Last quarter Coursera reported revenues of $153.7 million, up 23.2% year on year, beating analyst revenue expectations by 5.13%. It was a very good quarter for the company, with a solid beat of analysts' revenue estimates and strong growth in its user base. The company reported 129 million users, up 20.6% 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 16.5% year on year to $158.9 million, slowing down from the 24.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.07 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 2.93%.

Looking at Coursera's peers in the consumer internet segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Netflix delivered top-line growth of 7.77% year on year, beating analyst estimates by 0.02% and Teladoc reported revenues up 7.99% year on year, missing analyst estimates by 0.43%. Netflix traded up 11.6% on the results, and Teladoc was down 4.3%.

Read our full analysis of Netflix's results here and Teladoc's results here.

Technology stocks have been hit hard by fears of higher interest rates and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share price declining 2.43% over the last month. Coursera is down 1.05% during the same time, and is heading into the earnings with an analyst price target of $19.7, compared to share price of $17.87.

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.

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