2U Reports Results for Fourth Quarter and Full-Year 2023
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2u (TWOU) drops as earnings and guidance disappoint
February 13, 2024 9:00 AM EST(Updated - February 13, 2024 9:00 AM EST)
2u (NASDAQ: TWOU) shares plunged Tuesday after missing fourth-quarter earnings and revenue consensus estimates. First-quarter and full-year guidance also disappointed.
The stock is down more than 24% at the time of writing.
The online education platform company reported Q4 EPS of $0.48, $0.16 worse than the analyst estimate of $0.64. Revenue for the quarter rose 8% year-on-year, coming in at $255.7... More
William Blair on 2U, Inc. (TWOU): 'see a relatively balanced risk/reward setup following the implied sell-off'
February 13, 2024 7:00 AM ESTWilliam Blair analyst Stephen Sheldon reiterated a Market Perform rating and {REMOVEPT} price target on 2U, Inc. (NASDAQ: TWOU).
The analyst comments "Shares of 2U are down roughly 23% in after-hours trading, and on that price the stock would trade at 1.1 times our 2024 revenue estimate and 7.3 times our 2024 adjusted EBITDA estimate. Trends this quarter remained disappointing, and while... More
