Gaotu Techedu Inc reports results for the quarter ended September 30 - Earnings Summary

Reuters12-04

* Gaotu Techedu Inc reported a quarterly adjusted loss of CNY1.78 per share for the quarter ended September 30. The mean expectation of two analysts for the quarter was for a loss of 97 fen per share. Wall Street expected results to range from CNY-1.72 to -22 fen per share.

* Revenue rose 53.1% to CNY1.21 billion from a year ago; analysts expected CNY1.21 billion.

* The company reported a quarterly loss of CNY471.27 million.

* Gaotu Techedu Inc shares had fallen by 24.0% this quarter and lost 17.7% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 30.2% in the last three months.

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* 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 average consensus recommendation for the miscellaneous educational service providers peer group is also "buy"

Wall Street's median 12-month price target for Gaotu Techedu Inc is $4.86 This summary was machine generated from LSEG data December 4 at 02:31 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 -0.97 -1.78 Missed

Jun. 30 2024 -1.53 -1.61 Missed

Mar. 31 2024 -0.03 0.01 Beat

Dec. 31 2023 -0.53 -0.40 Beat

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The mean expectation of two analysts for the quarter was for a loss of 97 fen per ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOTU","symbol_name":"高途","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2488194254","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488194254","pubTimestamp":1733322705,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"* Gaotu Techedu Inc    reported a quarterly adjusted loss of CNY1.78 per share for the quarter ended September 30.  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Wall Street expected results to range from CNY-1.72 to -22 fen per share.   * Revenue rose 53.1% to CNY1.21 billion from a year ago; analysts expected CNY1.21 billion.    * The company reported a quarterly loss of CNY471.27 million.   * Gaotu Techedu Inc shares had fallen by 24.0% this quarter and lost 17.7% so far this year.FORECAST CHANGES   * The mean earnings estimate of analysts had risen by about 30.2% in the last three months.    * In the last 30 days, one analyst negatively revised an earnings estimateRECOMMENDATIONS   * 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 average consensus recommendation for the miscellaneous educational service providers peer group is also \"buy\"Wall Street's median 12-month price target for Gaotu Techedu Inc is $4.86  This summary was machine generated from LSEG data December 4 at 02:31 p.m. UTC. 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