Gaotu Techedu Inc expected to post a loss of 97 fen a share - Earnings Preview

Gaotu Techedu

02/12/2024 13:34

* Gaotu Techedu Inc  GOTU.N   GOTU.K  is expected to show a
rise
in quarterly revenue when it reports  results on December 4 for
the period ending September 30 2024
    * The Beijing-based  company is expected to report a
53.4% increase in revenue to CNY1.211 billion from CNY789.41
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on August 27
2024, for the period ended September 30, was for revenue between
CNY1.19 billion and CNY1.21 billion.
    * ​LSEG's mean analyst estimate for Gaotu Techedu Inc is for
a
loss of 97 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Gaotu
Techedu Inc
is $4.86​, above​ its last closing price of $2.81. ​​​

This summary was machine generated December 2 at 13:34 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)