TAL Education Group reports results for the quarter ended in August 31 - Earnings Summary

TAL Education

24/10/2024 17:51

* TAL Education Group  TAL.N  reported quarterly adjusted
earnings
of 12 cents​​ per share for the quarter ended August 31, higher
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of six analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 4 cents to 13 cents per share.
    * Revenue rose 50.4% to $619.36 million from a year ago;
analysts
expected $604.40 million. 
    * TAL Education Group's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $57.43
million.
    * TAL Education Group shares had fallen by 13.8% this
quarter and
lost 19.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 20 "strong buy" or "buy," 1
"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 TAL Education
Group is $13.57 
This summary was machine generated from LSEG data October 24 at
04:51 p.m. UTC. ​All figures in US dollars 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
 Aug. 31 2024      0.09           0.12           Beat
 May. 31 2024      -0.01          0.05           Beat
 Feb. 29 2024      0.02           0.08           Beat
 Nov. 30 2023      0.02           0.00           Missed