Gaotu Techedu Inc expected to post a loss of CNY1.53 a share - Earnings Preview

Gaotu Techedu

23/08/2024 14:08

* Gaotu Techedu Inc  GOTU.N   GOTU.K  is expected to show a
rise
in quarterly revenue when it reports  results on August 27 for
the period ending June 30 2024
    * The Beijing-based  company is expected to report a
39.5% increase in revenue to CNY980.547 million from CNY703.09
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 21
2024, for the period ended June 30, was for revenue between
CNY908.00 million and CNY928.00 million.
    * ​LSEG's mean analyst estimate for Gaotu Techedu Inc is for
a
loss of CNY1.53 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "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 $7.05​, above​ its last closing price of $4.12. ​​​

This summary was machine generated August 23 at 13:08 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)