2U (NASDAQ:TWOU) First Quarter 2024 Results
Key Financial Results
- Revenue: US$198.4m (down 17% from 1Q 2023).
- Net loss: US$54.6m (loss widened by 1.1% from 1Q 2023).
- US$0.66 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
2U Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US.
Performance of the American Consumer Services industry.
The company's shares are up 41% from a week ago.
Risk Analysis
You still need to take note of risks, for example - 2U has 4 warning signs (and 1 which shouldn't be ignored) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OTCPK:TWOU.Q
2U
Operates as an online education platform company in the United States and internationally.
Medium-low and fair value.
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