COUR stock's significant drop after revising FY24 revenue guidance downward is seen as an overreaction. Valued at around $1 billion, COUR is in value territory with $719 million in cash, no debt, and positive Free Cash Flow. Coursera is well-positioned in the growing online education sector, with a user base of 155 million and strong segments in Enterprise and Degrees, set to benefit from global upskilling trends.
The company is seeing weakness in customer retention trends despite strong numbers in its latest quarter.
Coursera, Inc. (NYSE:COUR ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 AM ET Company Participants Cam Carey - Head of Investor Relations Jeffrey Maggioncalda - President, Chief Executive Officer and Director Kenneth Hahn - Chief Financial Officer Conference Call Participants Stephen Sheldon - William Blair Ryan MacDonald - Needham Rishi Jaluria - RBC Joshua Baer - Morgan Stanley Taylor McGinnis - UBS Jeffrey Silber - BMO Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to Coursera's Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode and please be advised that this call is being recorded.
The headline numbers for Coursera (COUR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Coursera (COUR) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.02 per share a year ago.
Coursera (COUR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Coursera (COUR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Coursera COUR is an education technology stock that is finally seeing some positive momentum. Since going public in March 2021, shares have lost 82% of their value from their initial price of $39.
Coursera NYSE: COUR is an education technology stock that is finally seeing some positive momentum. Since going public in March 2021, shares have lost 82% of their value from their initial price of $39.
AI's impact on jobs will drive a higher education boom; Coursera is well-positioned to benefit from this trend and is currently undervalued. Coursera's large cash position and low debt reduce financial risk, with potential for significant upside as AI reshapes the job market due to strong and diversifying partners. Potential risks include how Coursera is managing its cash and whether its certificates truly help people get jobs.
Coursera rated with a buy rating as growth expected to accelerate to mid-teens in next two years. Revenue increased by 11% y/y in 2Q24, driven by consumer segment growth. Operating trends support growth >10%, with strong performance in consumer and degree segments, and potential for higher multiples and attractive returns.
Coursera beat expectations in its most recent quarter, in part thanks to strong AI course enrollment. The stock is quite cheap today and the company is in a strong financial position.