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

TAL Education

26/10/2023 14:31

* TAL Education Group  TAL.N  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in August. The
mean expectation of four analysts for the quarter was
for earnings of 9 cents per share.
    * Revenue rose 40.1% to $411.93 million from a year ago;
analysts
expected $393.73 million. 
    * TAL Education Group's reported EPS for the quarter was 6
cents​.
    * The mean earnings estimate of analysts had risen by
about 62% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * TAL Education Group shares had risen by 12.3% this
quarter and
gained 45.1% so far this year.
    * The company reported quarterly net income of $37.9
million.
    * Wall Street's median 12-month price target for TAL
Education
Group is $8.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.09           0.10           Beat
 May. 31 2023      0.00           -0.03          Missed
 Feb. 28 2023      0.02           -0.02          Missed
 Nov. 30 2022      0.02           -0.04          Missed