Coursera (COUR) Scheduled to Post Quarterly Earnings on Thursday

Coursera (NYSE:COUR) is scheduled to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Coursera to post earnings of $0.02 per share for the quarter. Coursera has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same quarter last year, the business posted ($0.20) earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. On average, analysts expect Coursera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Coursera Price Performance

Shares of NYSE COUR opened at $7.61 on Tuesday. The stock has a market capitalization of $1.19 billion, a P/E ratio of -11.03 and a beta of 1.42. Coursera has a 1-year low of $6.35 and a 1-year high of $21.26. The business’s 50 day moving average is $7.86 and its two-hundred day moving average is $8.40.

Analyst Ratings Changes

A number of brokerages recently issued reports on COUR. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Coursera in a research report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price target on shares of Coursera in a report on Monday. Bank of America began coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.73.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the transaction, the senior vice president now owns 207,434 shares in the company, valued at approximately $1,715,479.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,068 shares of company stock valued at $324,787. 16.30% of the stock is currently owned by corporate insiders.

About Coursera

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.