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

TAL Education

01/08/2024 14:32

* TAL Education Group  TAL.N  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -3 cents.  The mean expectation of five analysts for the
quarter was for a loss of one cent per share. Wall Street
expected results to range from -2 cents tozero cents per share.
    * Revenue rose 50.4% to $414.19 million from a year ago;
analysts
expected $394.20 million. 
    * TAL Education Group's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $11.4
million.
    * TAL Education Group shares had fallen by 6.1% this
quarter and
lost 20.7% 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 19 "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 $16.15 
This summary was machine generated from LSEG data August 1 at
01:32 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
 May. 31 2024      -0.01          0.05           Beat
 Feb. 29 2024      0.02           0.08           Beat
 Nov. 30 2023      0.02           0.00           Missed
 Aug. 31 2023      0.09           0.10           Beat