2U Q4 Adj EPS $0.48 Misses $0.64 Estimate, Sales $255.66M Miss $281.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
2U Inc. (TWOU) reported Q4 adjusted EPS of $0.48, missing the consensus estimate of $0.64 by 25%. Sales were $255.66M, missing the estimate of $281.44M by 9.16%. Despite the misses, this represents a 108.7% increase in EPS and an 8.31% increase in sales over the same period last year.
February 12, 2024 | 9:03 pm
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NEGATIVE IMPACT
2U Inc. reported a significant miss in both adjusted EPS and sales for Q4, with EPS missing by 25% and sales by 9.16% compared to analyst estimates. However, there was a notable year-over-year growth in both metrics.
Missing analyst estimates for both earnings and sales typically has a negative short-term impact on a company's stock price. However, the significant year-over-year growth in both earnings and sales might mitigate some of the negative sentiment. The score reflects the immediate negative reaction expected due to the earnings miss, tempered by the positive year-over-year growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100