-$0.18 EPS Expected for 2U Inc (TWOU) This Quarter

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Equities research analysts predict that 2U Inc (NASDAQ:TWOU) will announce earnings of ($0.18) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for 2U’s earnings. The lowest EPS estimate is ($0.19) and the highest is ($0.18). 2U reported earnings per share of ($0.12) in the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The business is expected to announce its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that 2U will report full year earnings of ($0.35) per share for the current year, with EPS estimates ranging from ($0.36) to ($0.33). For the next financial year, analysts anticipate that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.45) to $0.08. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for 2U.

2U (NASDAQ:TWOU) last released its earnings results on Monday, February 25th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The company had revenue of $115.10 million for the quarter, compared to analyst estimates of $114.90 million. 2U had a negative net margin of 9.31% and a negative return on equity of 5.77%. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS.

A number of equities research analysts have commented on TWOU shares. ValuEngine downgraded shares of 2U from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. KeyCorp dropped their price objective on shares of 2U from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. BidaskClub raised shares of 2U from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. BMO Capital Markets reissued an “outperform” rating and issued a $72.00 price objective on shares of 2U in a research report on Tuesday, February 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of 2U in a research report on Tuesday, February 26th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. 2U currently has an average rating of “Buy” and a consensus price target of $87.00.

2U stock traded down $0.56 during mid-day trading on Wednesday, reaching $64.90. 501,500 shares of the company’s stock were exchanged, compared to its average volume of 555,432. 2U has a twelve month low of $44.50 and a twelve month high of $98.58. The company has a quick ratio of 7.62, a current ratio of 7.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.81 billion, a PE ratio of -103.02 and a beta of 0.74.

Several hedge funds and other institutional investors have recently bought and sold shares of TWOU. SG Americas Securities LLC grew its position in shares of 2U by 56.0% in the 3rd quarter. SG Americas Securities LLC now owns 8,150 shares of the software maker’s stock valued at $613,000 after buying an additional 2,924 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of 2U in the 3rd quarter valued at $6,293,000. Bank of New York Mellon Corp grew its position in shares of 2U by 45.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 897,043 shares of the software maker’s stock valued at $67,448,000 after buying an additional 281,011 shares during the last quarter. BlackRock Inc. grew its position in shares of 2U by 4.1% in the 3rd quarter. BlackRock Inc. now owns 2,481,041 shares of the software maker’s stock valued at $186,550,000 after buying an additional 98,822 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of 2U by 27.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 61,300 shares of the software maker’s stock valued at $4,609,000 after buying an additional 13,300 shares during the last quarter.

About 2U

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Earnings History and Estimates for 2U (NASDAQ:TWOU)

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