Shares of TAL Education TAL moved higher by 6.4% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were down 40.00% year over year to ($0.14), which beat the estimate of ($0.15).
Revenue of $1,363,000,000 up by 58.92% year over year, which beat the estimate of $1,200,000,000.
Guidance
Q1 revenue expected to be between $1,302,000,000 and $1,321,000,000.
How To Listen To The Conference Call
Date: Apr 22, 2021
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/giskm6fy
Technicals
Company's 52-week high was at $90.96
52-week low: $47.15
Price action over last quarter: down 11.83%
Company Overview
Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth-quarter fiscal 2020, TAL's small classes account for 68% of its revenue, one-on-one 8%, and Xueersi.com 24%. Its tutoring services cover the core academic subjects in China's school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL's learning centers currently cover 70-plus cities in China and a total of 871 learning centers. In fourth-quarter fiscal 2020, current normal priced long-term course student enrolment was 4.65 million.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.