Gaotu TecheduGOTU stock fell by 0.32% on Thursday after the company reported its Q2 earnings results on Wednesday, September 22, 2021 at 01:30 AM.
Here's what investors need to know about the announcement.
Earnings
Gaotu Techedu missed their estimated earnings by 109.09%, which surprised analysts.
Revenue was up $112,145,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $-0.47, which was followed by a 4.58% increase in the share price the next day.
Here's a look at Gaotu Techedu's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|
| EPS Estimate | -0.22 | -0.38 | -0.38 | -0.31 | 0.06 |
| EPS Actual | -0.46 | -0.85 | -0.39 | -0.57 | 0.04 |
| Price Change % | -0.32% | 4.58% | 8.86% | -7.97% | -5.44% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Gaotu Techedu earnings and revenue guidance hasn't been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
© 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.
