FMP

FMP

Coursera Shares Down 7% Ahead of Q1 Earnings Announcement

Coursera, Inc. (NYSE:COUR) shares were trading around 7% lower today afternoon ahead of Q1 results, expected to be reported on April 27, after close.

Analysts at RBC Capital anticipate solid quarterly results, with revenue coming in above the Street estimates, however, noting they expect a loss of revenue related to Russia plus continued uncertainty on US University enrollments to be an overhang on the quarter.

Following the company’s March announcement that it is deplatforming all Russian business, the analysts have some uncertainty on the guidance outlook and do not expect a full-year guidance raise on the revenue.