Earnings Estimates Rising for Udemy (UDMY): Will It Gain?

Core Viewpoint - Udemy, Inc. (UDMY) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Earnings Estimate Revisions - The trend in estimate revisions indicates growing analyst optimism regarding Udemy's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, Udemy is projected to earn $0.10 per share, reflecting a 42.9% increase from the previous year [6]. - Over the last 30 days, the Zacks Consensus Estimate for Udemy has risen by 20%, with one estimate moving higher and no negative revisions [6]. - For the full year, Udemy is expected to earn $0.47 per share, representing a 193.8% increase from the prior year [7]. - The consensus estimate for the current year has increased by 90.85% due to four estimates moving higher and no negative revisions [8]. Zacks Rank - Udemy currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates [9]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008 [3]. Stock Performance - Udemy shares have increased by 8.3% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [10].