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

TAL Education

25/01/2024 14:31

* TAL Education Group  TAL.N  reported quarterly breakeven
results​​ per share for the quarter ended in November, higher
than the same quarter last year, when the company reported EPS
of -4 cents.  The mean expectation of five analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from 1 cents to 3 cents per share.
    * Revenue rose 60.5% to $373.51 million from a year ago;
analysts
expected $331.17 million. 
    * TAL Education Group's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $23.95 million.
    * TAL Education Group shares had fallen by 10.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 282.4%
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 $13.00 
This summary was machine generated from LSEG data January 25 at
02:31 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
 Nov. 30 2023      0.02           0.00           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