Overview
TAL Education fiscal Q1 revenue grows 38.8% yr/yr, misses analyst expectations, per LSEG data
Co reports operating income of $14.3 mln, reversing prior yr loss
Earlier in the week, TAL announced $600 mln share repurchase plan
Result Drivers
LEARNING SERVICES - Growth in learning services contributed to revenue increase, per CFO Alex Peng
AI-POWERED DEVICES - New AI-powered devices, including P4, S4, and T4 models, expanded audience reach
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $575 mln | $584.20 mln (5 Analysts) |
Q1 Net Income | $31.30 mln | ||
Q1 Operating Income | $14.30 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous educational service providers peer group is "buy"
Wall Street's median 12-month price target for TAL Education Group is $12.63, about 20.1% above its July 30 closing price of $10.09
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nPn76VgcXa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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