Gaotu Techedu Inc expected to post a loss of 53 fen a share - Earnings Preview

Gaotu Techedu

23/02/2024 14:03

* Gaotu Techedu Inc  GOTU.N   GOTU.K  is expected to show a
rise
in quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Beijing-based  company is expected to report a
14.9% increase in revenue to CNY723.187 million from CNY629.63
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on November
22 2023, for the period ended December 31, was for revenue
between CNY668.00 million and CNY688.00 million.
    * ​LSEG's mean analyst estimate for Gaotu Techedu Inc is for
a
loss of 53 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The average consensus recommendation for the miscellaneous
educational service providers peer group is also "Buy".​
    * Wall Street's median 12-month price target for Gaotu
Techedu Inc
is $3.85​, below​ its last closing price of $5.40. ​​​

This summary was machine generated February 23 at 14:03 GMT. 
All figures in Chinese yuan renminbi unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)