Q1 2020 2U Inc Earnings Call
Online education stock 2U Inc (TWOU) has reported solid Q1 results with total revenue of $175.5M up 44% year-over-year and beating the Street consensus by $0.18 million. Meanwhile Q1 Non-GAAP EPS of -$0.33 beat by $0.07; while GAAP EPS of -$0.94 fell short of Street forecasts by just $0.01."Our first quarter results clearly show the strength, resilience, and relevance of our business and offerings," said Christopher Paucek, 2U's Co-Founder and CEO. "We believe the unprecedented impact of COVID-19 will continue to accelerate demand among universities and adult learners for high-quality online education."Nonetheless the Street remains divided when it comes to TWOU’s outlook. Speaking for the bulls, Needham analyst Ryan MacDonald reiterated his TWOU buy rating on May 1 and boosted his price target to $30 from $25. 2U Inc benefits from the increased demand for online education, says MacDonald, particularly in the core degree program segment, and is now introducing new solutions (2UOS Plus and Essential) to meet this demand.“While boot camps saw a temporary dip in demand prior to transitioning online, the business appears to be rebounding quickly and should be poised to benefit as well, particularly as unemployment continues to rise” says the analyst. In addition, he notes that the recently completed convertible debt offering provided increased flexibility for 2U to meet this heightened demand. “At a current valuation of 2.2x EV/sales, we find the shares attractive” concludes the Needham analyst.However, Oppenheimer’s Brian Schwartz takes a more cautious approach: “While believing that demand is increasing for online learning technologies, we continue seeing execution risks with 2U's business model in transition and a potential negative impact that COVID-19 could have on higher education enrollment and tuition this fall” he says. What’s more, Schwartz argues that 2U's core DGP (domestic graduate program) business faces multi-faceted challenges that are unlikely to resolve soon- and that acquired businesses are not large enough to make up for DGP's downdraft. Indeed, DGP grew 16% in the first quarter compared to the first quarter of 2019, the slowest since 2U's IPO in 2014. As a result, the analyst is staying on the sidelines without offering a price target. Overall, analysts are split 50/50 on 2U Inc- giving the stock a Moderate Buy analyst consensus. With shares flat year-to-date, the $30 average analyst price target indicates upside potential of 27%. (See TWOU’s stock analysis on TipRanks) Related News: Tesla Slumps After Elon Musk Calls Stock Price ‘Too High’ Apple Exceeds Expectations With FQ2 Earnings Beat Boeing Raises $25 Billion in Bond Sale, No Longer Needs Government Aid; Shares Slip
What happened Shares of 2U (NASDAQ: TWOU) jumped on Tuesday after the education technology company received two analyst upgrades to start the week. These upgrades follow a first-quarter report on April 30 that beat analyst expectations.
Online learning company 2U Inc. (NASDAQ: TWOU) is raising up to $345 million in new debt as the company stares down widening losses — and an online learning boom sparked by the novel coronavirus pandemic. Experts have been cautiously optimistic that the Lanham company stands to benefit as schools and universities race to become virtual operations as social distancing measures have meant the widespread closures of in-person learning.
Today, Simmons University announced an expanded partnership with 2U, Inc (Nasdaq: TWOU), a global leader in education technology, to develop and deliver a fully online and reimagined undergraduate experience available for new and returning Simmons students this September. Working in close collaboration with Simmons faculty, 2U will redesign hundreds of courses from the existing Simmons catalog for online delivery with a blend of synchronous and asynchronous coursework, ensuring continued academic quality for all undergraduate students—whether they are able to return to campus this fall or continue classes remotely.
BMO Capital Markets analyst Jeffrey Silber raised his price target on 2U to $43 from $31, while maintaining an Outperform rating on the stock.
2U's (TWOU) first-quarter fiscal 2020 results are expected to reflect strength in demand for the company's matured programs and expected increase in enrollments for short-term programs due to coronavirus-led lockdown.
Online education stock 2U Inc (TWOU) has reported solid Q1 results with total revenue of $175.5M up 44% year-over-year and beating the Street consensus by $0.18 million. Meanwhile Q1 Non-GAAP EPS of -$0.33 beat by $0.07; while GAAP EPS of -$0.94 fell short of…
2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced preliminary financial results for its fiscal quarter ended March 31, 2020, a COVID-19 related business update, and additional information about its previously announced guidance for the fiscal year ending December 31, 2020.
2U, Inc. (NASDAQ: TWOU) ("2U"), a global leader in education technology, today announced that it intends to offer and sell, subject to market conditions and other factors, $300 million aggregate principal amount of convertible senior notes due 2025 (the "notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the offering of the notes, 2U expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of notes.
2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced its participation in two investor conferences in second quarter 2020. The company will present on its history, strategy, and financial results at the following conferences:
2U will continue to benefit from the increasing demand for online learning amid the COVID-19 outbreak.Q1 results were strong as the company managed to grow its top-line revenue by ~44% while significantly slowing down the growth in marketing expenses.Furtherm…
Shares of 2U have drifted ~10% higher after the company reported mixed Q1 results that beat on EPS but were in-line on revenues. Investors have expected the coronavirus to push up enrollment in 2U's online education programs. So far, however, …
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2U, Inc. (Nasdaq: TWOU) announced today that it will report its first quarter 2020 financial results on Thursday, April 30, 2020. Christopher "Chip" Paucek, Chief Executive Officer and Co-Founder, and Paul Lalljie, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results.
Execution is one of Chegg's key strengths.It was an uninteresting business over 5 - 6 years ago, where it made money mostly through renting and selling textbooks.A successful turnaround has established a digital study help platform that grows at +30% with alm…
2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the first quarter ended March 31, 2020.
2U (TWOU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the first quarter ended March 31, 2020.
Shares in online education stock 2U Inc (TWOU) fell sharply in Monday’s trading after the company announced a new capital raise and withdrew financial guidance for fiscal 2020.Specifically, TWOU intends to sell $300 million aggregate principal amount of convertible senior notes due 2025 in a private offering to qualified institutional buyers. It also intends to grant these purchasers a 13-day option to buy a further $45 million aggregate principal amount of notes.“The capital-raise announcement could act as an overhang for the stock as it dilutes shareholders, it likely means 2U’s business-model transition will take place in the public markets, and optionality from a potential private equity takeout is likely off the table” warned Oppenheimer analyst Brian Schwartz following the announcement. Indeed, shares fell 8% on Monday, taking TWOU’s year-to-date loss to 8%.Meanwhile the company withdrew its financial guidance for 2020, citing Covid-19 uncertainty. “Beyond the operational complexities associated with launching and supporting quality online offerings, universities are experiencing budget and cash flow shortfalls related to COVID-19,” CEO Christopher Paucek commented.However, he added that “Long-term, we believe the unprecedented impact of COVID-19 has significantly accelerated the existing secular trends driving adoption of online higher education.”At the same time, TWOU announced positive preliminary financial results for its fiscal quarter ended March 31, 2020. 2U now expects strong 1Q total revenue of $175.5M (+44% year-over-year), $1.1M above the consensus estimate. Meanwhile adjusted EBITDA is estimated at ($4.3M) which is $7.4M above the ($11.7M) consensus estimate, while 1Q GAAP net income of ($60.1M) comes in $2.2M above the ($62.3M) Street forecast.Right now analysts are cautiously optimistic about TWOU’s outlook. The stock shows a Moderate Buy consensus on TipRanks with a $28 average analyst price target (27% upside potential). (See 2U Inc stock analysis on TipRanks).Related News: Can Netflix (NFLX) Stock Live Up to the Q1 Hype? Apple Announces Major Expansion For Booming Services Segment Australia to Force Google and Facebook to Pay For News Content More recent articles from Smarter Analyst: * Microsoft Sales Beat as Pandemic Lifts Cloud Biz; Barclays Raises PT to $204 * Amazon (AMZN) Stock Is a Winner, But How Much Higher Can It Go? * COVID-19 Program Shows Strong Progress, and Vaxart Price Target Raises to $7 * Tesla Beats the Street, but at Least One Analyst Says 'Sell'
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LANHAM, Md., May 8, 2020 /PRNewswire/ -- Today, Simmons University announced an expanded partnership with 2U, Inc (Nasdaq: TWOU), a global leader in education technology, to develop and deliver a fully online and reimagined undergraduate experience available …
TWOU earnings call for the period ending March 31, 2020.
2U (TWOU) delivered earnings and revenue surprises of 29.79% and 0.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
PHILADELPHIA, PA / ACCESSWIRE / May 1, 2020 / Kaskela Law LLC is investigating 2U, Inc. (NASDAQ:TWOU) ("2U" or the "Company") on behalf of the Company's stockholders. In August 2019, ...
Syracuse University's Martin J. Whitman School of Management today announced it will offer an online Master of Supply Chain Management in partnership with 2U, Inc. (Nasdaq: TWOU), a global leader in education technology.
TWOU earnings call for the period ending March 31, 2020.
Essentially, this is the text table I want to create:
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LANHAM, Md., April 30, 2020 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the first quarter ended March 31, 2020. Results for First Quarter 2020 Compared to First Quarter 2…
LANHAM, Md., May 8, 2020 /PRNewswire/ -- Today, Simmons University announced an expanded partnership with 2U, Inc (Nasdaq: TWOU), a global leader in education technology, to develop and deliver a fully online and reimagined undergraduate experience available …
SYRACUSE, N.Y., May 14, 2020 /PRNewswire/ -- Syracuse University's Martin J. Whitman School of Management today announced it will offer an online Master of Supply Chain Management in partnership with 2U, Inc. (Nasdaq: TWOU), a global leader in education techn…
2U, Inc. (NASDAQ: TWOU) ("2U"), a global leader in education technology, today announced the pricing of $330 million aggregate principal amount of 2.25% convertible senior notes due 2025 (the "notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The size of the offering was increased from the previously announced $300 million aggregate principal amount of notes. In connection with the offering of the notes, 2U granted the initial purchasers of the notes a 13-day option to purchase up to an additional $50 million aggregate principal amount of notes. The sale of the notes to the initial purchasers is expected to settle on April 23, 2020, subject to customary closing conditions.
Strong execution has maintained growth at +30%. The share price has been up ~40% to ~$21.5 since our first coverage in September. Driven by the upcoming Free Ap