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What Is happening With Coursera Inc. (COUR) Stock? Earnings Preview

Coursera Inc. (NYSE: COUR) announced its results for the second quarter of 2021 on Wednesday, August 4th. It appeared at first glance that the company had suffered losses three times greater than those expected by analysts on Wall Street, but the stock still rose 21% in its trading on August 4.

Coursera Inc. (COUR)’s second-quarter revenues increased 38% year over year to more than $102 million, easily surpassing Wall Street’s preliminary estimates. Revenue growth is a result of Coursera’s fruitful collaboration with more than 200 universities in more than a dozen countries, all of which did not resume full-time education after the pandemic’s most acute phases. Currently, the platform is offering training to almost 80,000 students.

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COUR stock lost $0.38 per share in the second quarter, more than three times what analysts expected. It is worth reading this Coursera Inc. (COUR) loss differently, though, because, in reality, it isn’t as bad as it appears. It is a GAAP loss of $0.38 a share. While on Wall Street, they are guided by the so-called estimated profit. It was only $0.05 in loss per share for Coursera last quarter. That is, in fact, the company surpassed analysts’ predictions, and shares increased by more than 10% on August 4.

There was a particularly strong demand for online learning tools during the COVID-19 pandemic. The company, however, is now experiencing strong structural demand for online learning due to the pandemic, according to the company management. In anticipation of stronger revenue growth, Coursera Inc. (COUR) has raised its revenue forecast for the third quarter to $109 million and the annual forecast to $410 million.

This spring, Coursera’s educational platform went public. Following a steep rise in the first trading days, shares dropped below $35 in May. Currently, the stock is trading more than 30% below 52-week highs. During the August 6 trading, the COUR share was priced at $40.05.

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