News

For the quarter ended March 2024, Coursera (COUR) reported revenue of $169.07 million, up 14.5% over the same period last year. EPS came in at $0.07, compared to -$0.04 in the year-ago quarter.

The reported revenue represents a surprise of -0.95% over the Zacks Consensus Estimate of $170.69 million. With the consensus EPS estimate being $0.01, the EPS surprise was +600.00%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Coursera performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total registered learners: 148 million versus 147.98 million estimated by two analysts on average.
• Number of Degrees Students: 22,200 compared to the 22,323 average estimate based on two analysts.
• Paid Enterprise Customers: 1,480 compared to the 1,404 average estimate based on two analysts.
• Revenues- Consumer: $96.70 million versus the four-analyst average estimate of $98.72 million. The reported number represents a year-over-year change of +17.9%.
• Revenues- Degrees: $14.80 million compared to the $13.66 million average estimate based on four analysts. The reported number represents a change of +10.5% year over year.
• Revenues- Enterprise: $57.50 million versus $58.28 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.

View all Key Company Metrics for Coursera here>>>

Shares of Coursera have returned -14.6% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Only $1 to See All Zacks' Buys and Sells

We're not kidding.

Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.

Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.

See Stocks Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.