TAL Education Group (NYSE:TAL) is reporting second quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, TAL is expected to report 2Q21 income of $ 0.12 per share from revenue of $ 1132.94 million.
For the full year, analysts anticipate top line of $ 4463.45 million, while looking forward to income of $ 0.79 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 1,078.00 million ~ $ 1,105.00 million
Click Here For More Historical Outlooks Of TAL Education Group
Previous Quarter Performance
TAL Education Group revealed income for the first quarter of $ 0.18 per share, from the revenue of $ 910.66 million. According to street consensus, TAL was expected to report 1Q21 income of $ 0.01 per share from revenue of $ 886.20 million. The top line results outshined analysts by $ 24.46 million or 2.76 percent.
Stock Performance
Shares of TAL Education Group traded low $ -5.64 or -7.02 percent on Wednesday, reaching $ 74.68 with volume of 4.51 million shares. The stock opened down for the day at $ 77.63, after closing the previous day trading at $ 80.32.
According to the previous trading day, closing price of $ 80.32, representing a 122.37 % increase from the 52 week low of $ 36.12 and a 4.02 % decrease over the 52 week high of $ 83.68.
The company has a market capital of $ 44.84 billion and is part of the Consumer Defensive sector and Education & Training Services industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by UBS Group at Buy rating, with $ 109.00 target price.
- On 2nd September 2020, initiated by Jefferies Financial Group at Buy rating, with $ 90.00 target price.
Conference Call
TAL Education Group will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website en.100tal.com
TAL Education Group provides K-12 after-school tutoring services in the Peoples Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. It also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.
