Udemy's Earnings Outlook

Udemy (NASDAQ:UDMY) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Udemy to report an earnings per share (EPS) of $0.01.

Investors in Udemy are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Performance in Previous Earnings

In the previous earnings release, the company missed EPS by $0.03, leading to a 18.61% drop in the share price the following trading session.

Here's a look at Udemy's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.01

-0.01

-0.02

-0.02

EPS Actual

-0.04

0.03

0.02

0.05

Price Change %

-19.0%

2.0%

-22.0%

38.0%

Market Performance of Udemy's Stock

Shares of Udemy were trading at $7.99 as of October 25. Over the last 52-week period, shares are down 8.12%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Insights on Udemy

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Udemy.

With 6 analyst ratings, Udemy has a consensus rating of Buy. The average one-year price target is $12.25, indicating a ...