2U Full Year 2023 Earnings: Misses Expectations
2U (NASDAQ:TWOU) Full Year 2023 Results
Key Financial Results
Revenue: US$946.0m (down 1.8% from FY 2022).
Net loss: US$317.6m (loss narrowed by 1.4% from FY 2022).
US$3.93 loss per share (improved from US$4.17 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
2U Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 28%.
Looking ahead, revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in the US are expected to grow by 11%.
Performance of the American Consumer Services industry.
The company's shares are down 47% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 5 warning signs for 2U you should be aware of, and 2 of them are concerning.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
