Coursera (COUR) reports earnings tomorrow: what to expect

Online learning platform Coursera (NYSE:COUR) will be announcing earnings results this Thursday after market close. Here’s what to expect.

Coursera beat analysts’ revenue expectations last quarter, reporting revenues of $298.6 million, up 59.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year revenue guidance meeting analysts’ expectations.

Is Coursera a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Coursera’s revenue to grow 89.8% year on year, improving from the 10.3% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Coursera has a history of exceeding Wall Street’s expectations.

Looking at Coursera’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 11.8%, meeting analysts’ expectations, and Meta reported revenues up 26.1%, topping estimates by 2%. Netflix traded down 5.3% following the results while Meta was also down 7%.

Read our full analysis of Netflix’s results here and Meta’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 5% on average over the last month. Coursera is up 4% during the same time and is heading into earnings with an average analyst price target of $7.94 (compared to the current share price of $4.82).

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