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

TAL Education

25/04/2024 14:32

* TAL Education Group  TAL.N  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended in February, higher
than the same quarter last year, when the company reported EPS
of -2 cents.  The mean expectation of four analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from 1 cents to 5 cents per share.
    * Revenue rose 59.7% to $429.56 million from a year ago;
analysts
expected $389.78 million. 
    * TAL Education Group's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $27.51
million.
    * TAL Education Group shares had risen by 8.0% this
quarter and
lost 2.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 15 "strong buy" or "buy," 2
"hold" and 1 "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 $13.90 
This summary was machine generated from LSEG data April 25 at
01:31 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
 Feb. 29 2024      0.02           0.08           Beat
 Nov. 30 2023      0.02           0.00           Missed
 Aug. 31 2023      0.09           0.10           Beat
 May. 31 2023      0.00           -0.03          Missed