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Udemy, Inc. (UDMY) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended March 2023, Udemy, Inc. (UDMY - Free Report) reported revenue of $176.43 million, up 15.9% over the same period last year. EPS came in at -$0.06, compared to -$0.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $170.8 million, representing a surprise of +3.30%. The company delivered an EPS surprise of +57.14%, with the consensus EPS estimate being -$0.14.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Udemy, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Enterprise Segment - Total Customers: 14359 compared to the 14319.67 average estimate based on three analysts.
Consumer Segment - Monthly average buyers: 1390 thousand versus the three-analyst average estimate of 1385.67 thousand.
Enterprise Segment - Annual Recurring Revenue: $396 million versus the three-analyst average estimate of $402.88 million.
Revenue- Consumer: $81.20 million versus $76.20 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7% change.
Revenue- Enterprise: $95.20 million compared to the $94.48 million average estimate based on four analysts. The reported number represents a change of +46.7% year over year.
Gross Profit- Enterprise: $62.40 million versus the three-analyst average estimate of $60.71 million.
Gross Profit- Consumer: $43.70 million versus $41.87 million estimated by three analysts on average.
Shares of Udemy, Inc. have returned -0.2% over the past month versus the Zacks S&P 500 composite's +0.4% 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.
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Udemy, Inc. (UDMY) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2023, Udemy, Inc. (UDMY - Free Report) reported revenue of $176.43 million, up 15.9% over the same period last year. EPS came in at -$0.06, compared to -$0.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $170.8 million, representing a surprise of +3.30%. The company delivered an EPS surprise of +57.14%, with the consensus EPS estimate being -$0.14.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Udemy, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Enterprise Segment - Total Customers: 14359 compared to the 14319.67 average estimate based on three analysts.
- Consumer Segment - Monthly average buyers: 1390 thousand versus the three-analyst average estimate of 1385.67 thousand.
- Enterprise Segment - Annual Recurring Revenue: $396 million versus the three-analyst average estimate of $402.88 million.
- Revenue- Consumer: $81.20 million versus $76.20 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7% change.
- Revenue- Enterprise: $95.20 million compared to the $94.48 million average estimate based on four analysts. The reported number represents a change of +46.7% year over year.
- Gross Profit- Enterprise: $62.40 million versus the three-analyst average estimate of $60.71 million.
- Gross Profit- Consumer: $43.70 million versus $41.87 million estimated by three analysts on average.
View all Key Company Metrics for Udemy, Inc. here>>>Shares of Udemy, Inc. have returned -0.2% over the past month versus the Zacks S&P 500 composite's +0.4% 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.