Coursera Sees Q3 Revenue $171M-$175M vs $178.84M Est., Sees FY24 Revenue $695M-$705M vs $699.75M Est.
Portfolio Pulse from Benzinga Newsdesk
Coursera has provided its Q3 revenue guidance of $171M-$175M, which is below the estimated $178.84M. For FY24, the company expects revenue between $695M-$705M, slightly below the $699.75M estimate.
July 25, 2024 | 9:10 pm
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Coursera's Q3 revenue guidance of $171M-$175M is below the estimated $178.84M, and its FY24 revenue guidance of $695M-$705M is slightly below the $699.75M estimate. This could lead to a negative short-term impact on the stock price.
The revenue guidance for both Q3 and FY24 is below market expectations. This typically signals potential challenges in meeting growth targets, which can negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100