Coursera (COUR) Set to Announce Quarterly Earnings on Thursday

Coursera (NYSE:COUR) is set to announce its earnings results after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Coursera has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Coursera (NYSE:COUR) last announced its earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) EPS. On average, analysts expect Coursera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Coursera Trading Up 3.2 %

Shares of NYSE COUR opened at $7.51 on Wednesday. The firm’s 50-day moving average price is $7.31 and its 200-day moving average price is $12.29. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -10.88 and a beta of 1.44. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 8,093 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now directly owns 76,266 shares of the company’s stock, valued at $588,773.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Andrew Y. Ng sold 3,981 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $8.56, for a total transaction of $34,077.36. Following the transaction, the director now directly owns 7,033,074 shares in the company, valued at $60,203,113.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Amanda Clark sold 8,093 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now owns 76,266 shares in the company, valued at $588,773.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,192 shares of company stock valued at $797,237. 16.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COUR shares. BMO Capital Markets decreased their target price on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Royal Bank of Canada decreased their target price on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Coursera in a research report on Friday, May 17th. Cantor Fitzgerald reduced their price objective on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Finally, Morgan Stanley reduced their price objective on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and an average target price of $15.35.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.