Trading around UDMY's upcoming earnings report? Here are some things to watch out for:

Udemy Inc (UDMY) is ready to report earnings on August 03. Here's a few things you should know about before they make the announcement.

Analyst opinions suggest Udemy Inc will report an EPS (earnings per share) of -$0.16, -$0.24 on a GAAP basis, on revenues of $149.96M.

UDMY bulls will be waiting to hear two things. The first is that the reported EPS beat the estimates of analysts. The stock will move on that news. The second is that the report outlines a positive growth story for the stock in the coming quarters.

There are two primary things that UDMY bears will be concerned with. The first is that the reported EPS underperformed the estimates of analysts. Stocks respond unfavorably to that news. The second is that the report outlines a negative growth story for the stock in the coming quarters.

If you haven't traded too many earnings reports, it's important to be aware that sometimes the majority of a stock's price movement can be caused by the analysts' estimates, rather than from the earnings report itself. As you see more of these, your ability to recognize one or the other will improve.

As of July 26 shares of UDMY are trading at $12.17. Over the last 52-week period, the price is down -62.69%. A larger move here can mean investors will have a stronger bullish or bearish outlook on the stock.