* TAL Education Group reported quarterly adjusted earnings of 8 cents per share for the quarter ended in February, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of four analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 5 cents per share.
* Revenue rose 59.7% to $429.56 million from a year ago; analysts expected $389.78 million.
* TAL Education Group's reported EPS for the quarter was 4 cents.
* The company reported quarterly net income of $27.51 million.
* TAL Education Group shares had risen by 8.0% this quarter and lost 2.9% 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 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 $13.90 This summary was machine generated from LSEG data April 25 at 01:31 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
Feb. 29 2024 0.02 0.08 Beat
Nov. 30 2023 0.02 0.00 Missed
Aug. 31 2023 0.09 0.10 Beat
May. 31 2023 0.00 -0.03 Missed
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