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

Gaotu Techedu

21/05/2024 14:31

* Gaotu Techedu Inc  GOTU.N  reported quarterly adjusted
earnings
of 1 fen​​ per share for the quarter ended in March.  The lone
analyst forecast for the quarter was for a loss of 3 fen per
share. 
    * Revenue was CNY946.89 million​; analysts expected
CNY943.70
million. 
    * The company reported a quarterly loss of $12.3 million.
    * Gaotu Techedu Inc shares had risen by 24.9% this
quarter and
gained 126.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 111.5% 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 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 $8.61 
This summary was machine generated from LSEG data May 21 at
01:31 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
 Mar. 31 2024      -0.03          0.01           Beat
 Dec. 31 2023      -0.53          -0.40          Beat