{"id":77706,"date":"2023-10-28T03:25:07","date_gmt":"2023-10-28T07:25:07","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/coursera-nysecour-beats-q3-sales-targets-stock-jumps-15-6\/"},"modified":"2023-10-28T03:25:11","modified_gmt":"2023-10-28T07:25:11","slug":"coursera-nysecour-beats-q3-sales-targets-stock-jumps-15-6","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77706","title":{"rendered":"Coursera (NYSE:COUR) Beats Q3 Sales Targets, Stock Jumps 15.6%"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">Coursera (NYSE:COUR) Beats Q3 Sales Targets, Stock Jumps 15.6%<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Online learning platform Coursera (NYSE:COUR) reported Q3 FY2023 results exceeding Wall Street analysts&#8217; expectations, with revenue up 21.4% year on year to $165.5 million. Guidance for next quarter&#8217;s revenue was also better than expected at $163 million at the midpoint, 1.12% above analysts&#8217; estimates. Turning to EPS, Coursera made a GAAP loss of $0.21 per share, improving from its loss of $0.25 per share in the same quarter last year.<\/p>\n<p>Is now the time to buy Coursera? Find out by reading the original article on StockStory.<\/p>\n<p>Coursera (COUR) Q3 FY2023 Highlights:<\/p>\n<ul>\n<li><strong>Revenue:<\/strong> $165.5 million vs analyst estimates of $158.9 million (4.21% beat)<\/li>\n<li><strong>EPS:<\/strong> -$0.21 vs analyst estimates of -$0.26 (19.6% beat)<\/li>\n<li><strong>Revenue Guidance for Q4 2023<\/strong> is $163 million at the midpoint, above analyst estimates of $161.2 million <\/li>\n<li><strong>Free Cash Flow<\/strong> of $15.6 million is up from -$11.5 million in the previous quarter<\/li>\n<li><strong>Gross Margin (GAAP):<\/strong> 50.3%, down from 64.2% in the same quarter last year<\/li>\n<li><strong>Paying Users<br \/>\n:<\/strong> 136 million, up 23 million year on year<\/li>\n<\/ul>\n<p>\u201cWe accelerated our AI-powered translation initiative to deliver over 4,000 courses in seven languages, broadening access to the world&#8217;s best educators and trusted brands for the millions of new learners coming to our platform,\u201d said Coursera CEO Jeff Maggioncalda.<\/p>\n<p>Founded by two Stanford University computer science professors, Coursera (NYSE:COUR) is an online learning platform that offers courses, specializations, and degrees from top universities and organizations around the world.<\/p>\n<p>Consumer SubscriptionConsumers today expect goods and services to be hyper-personalized and on demand. Whether it be what music they listen to, what movie they watch, or even finding a date, online consumer businesses are expected to delight their customers with simple user interfaces that magically fulfill demand. Subscription models have further increased usage and stickiness of many online consumer services.<\/p>\n<p>Sales GrowthCoursera&#8217;s revenue growth over the last three years has been very strong, averaging 31.5% annually. This quarter, Coursera beat analysts&#8217; estimates and reported decent 21.4% year-on-year revenue growth.<\/p>\n<p>Guidance for the next quarter indicates Coursera is expecting revenue to grow 14.6% year on year to $163 million, slowing down from the 23.7% year-on-year increase it recorded in the same quarter last year. Ahead of the earnings results, analysts covering the company were projecting sales to grow 13.5% over the next 12 months.<\/p>\n<p>Usage Growth As a subscription-based app, Coursera generates revenue growth by expanding both its subscriber base and the amount each subscriber spends over time.<\/p>\n<p>Over the last two years, Coursera&#8217;s users, a key performance metric for the company, grew 22% annually to 136 million. This is strong growth for a consumer internet company.<\/p>\n<p>In Q3, Coursera added 23 million users, translating into 20.4% year-on-year growth.<\/p>\n<p>Key Takeaways from Coursera&#8217;s Q3 Results<br \/>\nWith a market capitalization of $2.59 billion, Coursera is among smaller companies, but its more than $507.2 million in cash on hand and near break-even free cash flow margins puts it in a stable financial position.<\/p>\n<p>It was great to see Coursera significantly beat analysts&#8217; revenue, EPS, adjusted EBITDA, and free cash flow estimates this quarter. Its outperformance was driven by healthy user growth in its consumer division; the company benefitted from increased demand for newly launched entry-level Professional Certificates created by Google (NASDAQ:), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> IBM <\/span><\/span> (NYSE:), and Microsoft (NASDAQ:). On top of that, Coursera recently launched the first entry-level Professional Certificate from Amazon (NASDAQ:) Web Services. Things certainly seem to be pointing up for the company. Overall, this quarter&#8217;s results were great and shareholders should feel optimistic. The stock is up 15.6% after reporting and currently trades at $19.85 per share.<\/p>\n<p><i>The author has no position in any of the stocks mentioned in this report.<\/i><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/coursera-nysecour-beats-q3-sales-targets-stock-jumps-156-3211003\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coursera (NYSE:COUR) Beats Q3 Sales Targets, Stock Jumps 15.6% Online learning platform Coursera (NYSE:COUR) reported Q3 FY2023 results exceeding Wall Street analysts&#8217; expectations, with revenue up 21.4% year on year to $165.5 million. Guidance for next quarter&#8217;s revenue was also better than expected at $163 million at the midpoint, 1.12% above analysts&#8217; estimates. Turning to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-77706","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coursera (NYSE:COUR) Beats Q3 Sales Targets, Stock Jumps 15.6% | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Coursera (NYSE:COUR) Beats Q3 Sales Targets, Stock Jumps 15.6% Online learning platform Coursera (NYSE:COUR) reported Q3 FY2023 results exceeding Wall\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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