GSX Techedu Inc. (NYSE:GSX) is reporting third quarter financial results on Friday 20th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, GSX is expected to report 3Q20 loss of $ 0.31 per share from revenue of $ 288.30 million.
For the full year, analysts anticipate top line of $ 1086.32 million, while looking forward to loss of $ 0.22 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 274.02 million ~ $ 278.27 million
Click Here For More Historical Outlooks Of GSX Techedu Inc.
Previous Quarter Performance
GSX Techedu Inc. posted income for the second quarter of $ 0.04 per share, from the revenue of $ 233.59 million. The quarterly earnings developed 300.00 percent while revenues reduced 30.83 percent compared with the same quarter last year.
According to street consensus, GSX was expected to report 2Q20 income of $ 0.06 per share from revenue of $ 232.75 million. The bottom line results missed street analysts by $ 0.02 or 33.33 percent, at the same time, top line results outshined analysts by $ 0.84 million or 0.36 percent.
Stock Performance
Shares of GSX Techedu Inc. traded up $ 3.34 or 4.91 percent on Thursday, reaching $ 71.35 with volume of 4.68 million shares. GSX Techedu Inc. has traded high as $ 71.78 and has cracked $ 66.89 on the downward trend
According to the previous trading day, closing price of $ 71.35, representing a 359.53 % increase from the 52 week low of $ 14.80 and a 52.03 % decrease over the 52 week high of $ 141.78.
The company has a market capital of $ 17.03 billion and is part of the Consumer Defensive sector and Education & Training Services industry.
Conference Call
GSX Techedu Inc. will be hosting a conference call at 8:00 AM eastern time on 20th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.baijiahulian.com
GSX Techedu Inc., a technology-driven education company, provides online K-12 large-class after-school tutoring services in the Peoples Republic of China. It offers K-12 large-class after-school tutoring courses that cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The company also provides English courses for children in kindergarten; and courses that help children in grade one through grade seven.
