UDEMY Inc. Compelling MoveThe market expects Udemy, Inc. (UDMY) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 2. On the other hand, if they miss, the stock may move lower.
Udemy, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Price Momentum
UDMY is trading near the bottom of its 52-week range and below its 200-day simple moving average.
Price change
The price of UDMY shares has decreased $0.03 since the market last closed. This is a 0.34% drop. Investors have been pushing the share price lower, and the stock still appears to have downward momentum but will reach a support level and bounced back.
