Equity Profile

COUR

Coursera, Inc.

Consumer DiscretionaryEducation Services$1.5B

Jul23Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Coursera, Inc. is an online learning platform that offers courses, specializations, and degrees in various subjects....

Key Metrics to Watch

User Growth

Increased user engagement is crucial for revenue growth and indicates the platform's popularity.

N/A

Course Completion Rates

Higher completion rates can lead to better user satisfaction and retention, impacting future revenue.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

COUR Q2-2026 Earnings Preview

Context

Company Snapshot

Coursera, Inc. is an online learning platform that offers courses, specializations, and degrees in various subjects. As part of the Consumer Discretionary sector, it plays a significant role in the growing education services industry, especially as more people seek flexible learning options and upskilling opportunities.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+164.66%

Avg Stock Reaction

-1.06%

Last Quarter Recap

In Q1-2026, Coursera reported an earnings surprise with an EPS of $0.07, significantly beating expectations. However, the stock fell by 3.40% the following day, indicating market skepticism despite the positive earnings.

Management Promises & Guidance

Focus on expanding course offerings to attract more users.
Enhance partnerships with universities to improve content quality.
Invest in marketing to increase brand awareness.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Coursera's upcoming earnings, given its recent performance. However, the lack of analyst estimates and management guidance leaves room for uncertainty.

Bull Case

If Coursera continues to show strong user growth and engagement, it could lead to higher revenues and a positive market reaction.

Bear Case

On the other hand, if user growth stagnates or if there are signs of increased competition, it could negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current user growth rate compared to previous quarters?

User growth is a key indicator of Coursera's market position and future revenue potential.

How are course completion rates trending?

Completion rates directly affect user satisfaction and retention, which are critical for long-term success.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Coursera's ability to sustain user growth due to increasing demand for online education.

Supporting Evidence

Recent trends show a surge in online learning, which could benefit Coursera significantly.

The options market indicates a high implied move, suggesting that investors expect notable developments.

Coursera's strategic partnerships with universities may lead to exclusive content, enhancing its competitive edge.

Key Risk

If user growth exceeds 20%, it could invalidate the cautious outlook currently held by the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user engagement metrics and their implications for revenue growth.

Bull Confirmed If

User growth exceeding 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in course completion rates below 70% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±27.37%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±27.4% while COUR has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

82.2%

Calls (281K)P/C Ratio: 0.02Puts (3K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 13 of 21 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.9%, with a raw directional average of +2.2% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coursera beats expectations, history suggests the stock could rise by around 1.06%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management expresses caution, expect a muted response from the stock.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 3.08%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth metrics and how they compare to previous quarters.
2Insights into course completion rates and their impact on retention.
3Any new partnerships or course offerings that could drive future growth.
4Management's outlook on competition in the online education space.
5Details on marketing strategies aimed at increasing brand awareness.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Coursera, Inc. is an online learning platform that offers courses, specializations, and degrees in various subjects....

Key Metrics to Watch

User Growth

Increased user engagement is crucial for revenue growth and indicates the platform's popularity.

N/A

Course Completion Rates

Higher completion rates can lead to better user satisfaction and retention, impacting future revenue.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

COUR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+164.66%

Avg Stock Reaction

-1.06%

Last Quarter Recap

Management Promises & Guidance

Focus on expanding course offerings to attract more users.
Enhance partnerships with universities to improve content quality.
Invest in marketing to increase brand awareness.

Expectations

Wall Street Expectations

Bull Case

If Coursera continues to show strong user growth and engagement, it could lead to higher revenues and a positive market reaction.

Bear Case

On the other hand, if user growth stagnates or if there are signs of increased competition, it could negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current user growth rate compared to previous quarters?

User growth is a key indicator of Coursera's market position and future revenue potential.

How are course completion rates trending?

Completion rates directly affect user satisfaction and retention, which are critical for long-term success.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Coursera's ability to sustain user growth due to increasing demand for online education.

Supporting Evidence

Recent trends show a surge in online learning, which could benefit Coursera significantly.

The options market indicates a high implied move, suggesting that investors expect notable developments.

Coursera's strategic partnerships with universities may lead to exclusive content, enhancing its competitive edge.

Key Risk

If user growth exceeds 20%, it could invalidate the cautious outlook currently held by the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user engagement metrics and their implications for revenue growth.

Bull Confirmed If

User growth exceeding 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in course completion rates below 70% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±27.37%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±27.4% while COUR has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

82.2%

Calls (281K)P/C Ratio: 0.02Puts (3K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coursera beats expectations, history suggests the stock could rise by around 1.06%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management expresses caution, expect a muted response from the stock.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 3.08%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth metrics and how they compare to previous quarters.
2Insights into course completion rates and their impact on retention.
3Any new partnerships or course offerings that could drive future growth.
4Management's outlook on competition in the online education space.
5Details on marketing strategies aimed at increasing brand awareness.