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

TAL Education

27/07/2023 15:25

* TAL Education Group  TAL.N  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in May. The mean
expectation of four analysts for the quarter was for breakeven
results per share.
    * Revenue rose 22.9% to $275.44 million from a year ago;
analysts
expected $265.05 million. 
    * TAL Education Group's reported EPS for the quarter was a
loss
of 7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 103.4% in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * TAL Education Group shares had risen by 10.7% this
quarter and
lost 6.4% so far this year.
    * The company reported a quarterly loss of $45.04 million.
    * Wall Street's median 12-month price target for TAL
Education
Group is $7.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 02:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.00           -0.03          Missed
 Feb. 28 2023      0.02           -0.02          Missed
 Nov. 30 2022      0.02           -0.04          Missed
 Aug. 31 2022      0.01           0.04           Beat