Equities analysts forecast that Udemy, Inc. (NASDAQ:UDMY – Get Rating) will post sales of $148.33 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Udemy’s earnings, with the lowest sales estimate coming in at $147.70 million and the highest estimate coming in at $149.10 million. The firm is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Udemy will report full-year sales of $625.66 million for the current year, with estimates ranging from $622.40 million to $628.80 million. For the next financial year, analysts forecast that the business will report sales of $765.86 million, with estimates ranging from $750.40 million to $783.60 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Udemy.
Udemy (NASDAQ:UDMY – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. The company had revenue of $152.20 million for the quarter, compared to analyst estimates of $146.63 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year.
UDMY opened at $12.54 on Friday. The business’s fifty day moving average is $11.87. Udemy has a 12 month low of $9.66 and a 12 month high of $32.62.
A number of institutional investors and hedge funds have recently bought and sold shares of UDMY. Emerald Advisers LLC purchased a new stake in Udemy during the 4th quarter valued at approximately $4,355,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Udemy during the 4th quarter valued at approximately $2,937,000. New York State Common Retirement Fund purchased a new stake in Udemy during the 4th quarter valued at approximately $49,000. Daiwa Securities Group Inc. purchased a new stake in Udemy during the 4th quarter valued at approximately $25,000. Finally, Northern Trust Corp purchased a new stake in Udemy during the 4th quarter valued at approximately $2,414,000. 66.69% of the stock is owned by hedge funds and other institutional investors.
About Udemy (Get Rating)
Udemy, Inc operates a marketplace platform for teaching and learning skills in the United States and internationally. The company offers technical and business skills, and personal development courses for individual learners and enterprise customers. Its platform provides 49 million learners with access to approximately 180,000 courses through direct-to-consumer or Udemy Business offerings in approximately 75 languages.
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