Gaotu Techedu Inc expected to post a loss of 97 fen a share - Earnings Preview

Reuters
2024-12-02
Gaotu Techedu Inc <gotu.n> expected to post a loss of 97 fen a share - Earnings Preview </gotu.n>
  • Gaotu Techedu Inc GOTU.N, GOTU.K is expected to show a rise in quarterly revenue when it reports results on December 4 for the period ending September 30 2024

  • The Beijing-based company is expected to report a 53.4% increase in revenue to CNY1.211 billion from CNY789.41 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on August 27 2024, for the period ended September 30, was for revenue between CNY1.19 billion and CNY1.21 billion.

  • ​LSEG's mean analyst estimate for Gaotu Techedu Inc is for a loss of 97 fen per share.

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Gaotu Techedu Inc is $4.86​, above​ its last closing price of $2.81. ​​​

This summary was machine generated December 2 at 13:34 GMT. All figures in Chinese yuan renminbi 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)

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