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

Gaotu Techedu

27/08/2024 15:21

* Gaotu Techedu Inc  GOTU.N  reported a quarterly adjusted
loss of
CNY1.61​​ per share for the quarter ended in January.  The mean
expectation of two analysts for the quarter was for a loss of
$1.53 per share. Wall Street expected results to range from
$-1.60 to CNY-1.46 per share.
    * Revenue rose 43.6% to $1.01 billion from a year ago;
analysts
expected $980.55 million. 
    * The company reported a quarterly loss of CNY429.55
million.
    * Gaotu Techedu Inc shares had fallen by 16.7% this
quarter and
gained 12.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $7.05 
This summary was machine generated from LSEG data August 27 at
02:20 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
 Jun. 30 2024      -1.53          -1.61          Missed
 Mar. 31 2024      -0.03          0.01           Beat
 Dec. 31 2023      -0.53          -0.40          Beat