Coursera Sees Q2 Revenue $162M-$166M vs $177.82M Est., Sees FY24 Revenue $695M-$705M vs $736.45M Est.
Portfolio Pulse from Benzinga Newsdesk
Coursera projects its Q2 revenue to be between $162M-$166M, below the estimated $177.82M, and forecasts FY24 revenue to be between $695M-$705M, also below the expected $736.45M.
April 29, 2024 | 8:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Coursera's projected Q2 and FY24 revenues fall short of market expectations, indicating potential challenges ahead.
Coursera's announcement of lower-than-expected revenue forecasts for both Q2 and FY24 suggests potential operational or market challenges. This news is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price, given the importance of revenue projections in valuation models.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100