Zacks: Brokerages Anticipate 2U Inc (TWOU) to Post -$0.08 Earnings Per Share

Equities analysts predict that 2U Inc (NASDAQ:TWOU) will announce ($0.08) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for 2U’s earnings, with estimates ranging from ($0.09) to ($0.08). 2U posted earnings of ($0.07) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 14.3%. The company is scheduled to announce its next earnings results after the market closes on Thursday, May 4th.

According to Zacks, analysts expect that 2U will report full-year earnings of ($0.55) per share for the current fiscal year, with EPS estimates ranging from ($0.56) to ($0.52). For the next year, analysts expect that the business will post earnings of ($0.55) per share, with EPS estimates ranging from ($0.57) to ($0.54). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow 2U.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Thursday, February 23rd. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. 2U had a negative net margin of 11.41% and a negative return on equity of 11.24%. The firm earned $57.40 million during the quarter, compared to analysts’ expectations of $56.39 million. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis.

TWOU has been the topic of several recent research reports. Zacks Investment Research upgraded shares of 2U from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Wednesday, March 1st. Needham & Company LLC lifted their price objective on shares of 2U from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, February 24th. TheStreet upgraded shares of 2U from a “d” rating to a “c” rating in a research report on Monday, March 27th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $54.00 price objective (up from $43.00) on shares of 2U in a research report on Tuesday, April 4th. Nine equities research analysts have rated the stock with a buy rating, 2U presently has an average rating of “Buy” and an average target price of $43.38.

Shares of 2U (NASDAQ:TWOU) traded up 0.99% during midday trading on Monday, reaching $43.65. 609,995 shares of the company were exchanged. 2U has a 52-week low of $26.03 and a 52-week high of $44.42. The stock’s 50-day moving average price is $39.27 and its 200-day moving average price is $35.43. The company’s market capitalization is $2.06 billion.

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Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in 2U during the third quarter worth approximately $228,000. GSA Capital Partners LLP bought a new stake in 2U during the fourth quarter worth approximately $226,000. Symmetry Peak Management LLC bought a new stake in 2U during the third quarter worth approximately $383,000. US Bancorp DE bought a new stake in 2U during the third quarter worth approximately $394,000. Finally, Capstone Investment Advisors LLC bought a new stake in 2U during the fourth quarter worth approximately $348,000.

2U Company Profile

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

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