Udemy: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Udemy (NASDAQ:UDMY) reported Q4 earnings with a significant beat on estimated earnings, posting an EPS of $0.02 against an estimate of $-0.02, marking a 200% beat. Revenue increased by $24.21 million from the same period last year. This follows a pattern of beating EPS estimates in previous quarters, with a notable 38.03% share price increase after last quarter's earnings beat.
February 14, 2024 | 9:30 pm
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Udemy reported a significant beat on Q4 earnings, with an EPS of $0.02 against an estimate of $-0.02 and a revenue increase of $24.21 million YOY. This continues a trend of beating EPS estimates, which previously resulted in a 38.03% share price increase the following day.
Udemy's significant beat on Q4 earnings expectations, especially following a pattern of exceeding EPS estimates and the historical impact of such beats on its share price, suggests a positive short-term impact on UDMY's stock. The company's consistent performance improvement YOY in revenue further strengthens the case for a potential increase in investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100