Gaotu Techedu Inc reports results for the quarter ended in December - Earnings Summary

Gaotu Techedu

27/02/2024 14:32

* Gaotu Techedu Inc  GOTU.N  reported a quarterly adjusted
loss
of 40 fen​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 33 fen.  The lone analyst forecast for the quarter was for a
loss of 53 fen per share. 
    * Revenue rose 20.9% to CNY761.01 million from a year ago;
analysts expected CNY723.19 million. 
    * Gaotu Techedu Inc's reported EPS for the quarter was a
loss
of 46 fen​.
    * The company reported a quarterly loss of CNY119.65
million.
    * Gaotu Techedu Inc shares had risen by 64.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Gaotu
Techedu Inc
is $3.85 

This summary was machine generated from LSEG data February 27 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.53          -0.40          Beat