Udemy (UDMY) Set to Announce Earnings on Tuesday

Udemy (NASDAQ:UDMY) will release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Udemy to post earnings of $0.01 per share for the quarter. Udemy has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Udemy (NASDAQ:UDMY) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). Udemy had a negative return on equity of 26.62% and a negative net margin of 11.39%. The company had revenue of $194.36 million during the quarter, compared to analyst estimates of $194.17 million. On average, analysts expect Udemy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Udemy Stock Performance

NASDAQ:UDMY opened at $7.99 on Monday. The firm’s 50-day moving average is $7.94 and its 200-day moving average is $8.54. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -15.08 and a beta of 1.97. Udemy has a 52-week low of $6.67 and a 52-week high of $16.01.

Analyst Upgrades and Downgrades

Several research firms have commented on UDMY. Truist Financial cut their price target on Udemy from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 2nd. KeyCorp reduced their target price on Udemy from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Robert W. Baird lowered their price target on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Morgan Stanley downgraded shares of Udemy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $10.00 to $7.50 in a report on Friday, September 27th. Finally, Canaccord Genuity Group began coverage on shares of Udemy in a research note on Thursday, August 8th. They issued a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.92.

Insider Transactions at Udemy

In other news, CFO Sarah Blanchard sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.05, for a total value of $362,250.00. Following the transaction, the chief financial officer now directly owns 1,001,761 shares of the company’s stock, valued at $8,064,176.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

Udemy Company Profile

Udemy, Inc, a learning company, that operates a marketplace platform for learning skills in the United States and internationally. The company offers skill acquisition, development, and validation courses for organizations and individuals, through direct-to-consumer or Udemy Business offerings in various languages.