* TAL Education Group reported quarterly adjusted earnings of 12 cents per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of six analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 4 cents to 13 cents per share.
* Revenue rose 50.4% to $619.36 million from a year ago; analysts expected $604.40 million.
* TAL Education Group's reported EPS for the quarter was 9 cents.
* The company reported quarterly net income of $57.43 million.
* TAL Education Group shares had fallen by 13.8% this quarter and lost 19.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 45.5% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "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 $13.57 This summary was machine generated from LSEG data October 24 at 04:51 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
Aug. 31 2024 0.09 0.12 Beat
May. 31 2024 -0.01 0.05 Beat
Feb. 29 2024 0.02 0.08 Beat
Nov. 30 2023 0.02 0.00 Missed
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