2U (TWOU) Posts Quarterly Earnings, Beats Estimates By $0.02 EPS
2U (NASDAQ:TWOU) posted its quarterly earnings results on Wednesday. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.24) by $0.02, American Banking News.com reports. The company had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.02 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 32.4% on a year-over-year basis. 2U updated its Q3 guidance to ($0.17-0.18) EPS and its FY14 guidance to ($0.61-0.64) EPS.
TWOU has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of 2U in a research note on Friday, July 25th. They set an “outperform” rating and a $20.00 price target on the stock. On the ratings front, analysts at Barrington Research initiated coverage on shares of 2U in a research note on Friday, July 25th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, analysts at First Analysis initiated coverage on shares of 2U in a research note on Monday, June 30th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. 2U currently has a consensus rating of “Buy” and a consensus target price of $18.60.
Shares of 2U (NASDAQ:TWOU) traded up 4.18% on Wednesday, hitting $14.21. The stock had a trading volume of 229,729 shares. 2U has a 1-year low of $10.52 and a 1-year high of $17.58. The stock has a 50-day moving average of $14.76 and a 200-day moving average of $14.11. The company’s market cap is $571.4 million.
2U, Inc is a provider of cloud-based software-as-a-service (NASDAQ:TWOU) solutions.
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