China Distance Education Holdings Limited (NYSE:DL) is set to announce third quarter earning results on Wednesday 26th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DL to report 3Q20 income of $ 0.06 per share from revenue of $ 51.19 million.
For the full year, analysts anticipate top line of $ 201.86 million, while looking forward to income of $ 0.29 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 50.60 million ~ $ 53.70 million
Full Year 2020 topline are forecasted in a range of$ 239.40 million ~ $ 250.00 million
Click Here For More Historical Outlooks Of China Distance Education Holdings Limited
Previous Quarter Performance
China Distance Education Holdings Limited unfold income for the second quarter of $ 0.15 per share, from the revenue of $ 41.89 million. The quarterly revenues expanded 8.08 percent compared with the same quarter last year. Street analysts expected China Distance Education Holdings Limited to report loss of $ 0.03 per share on revenue of $ 47.03 million for the second quarter. The top line results fell short of analysts by $ 5.14 million or 10.93 percent.
Stock Performance
Shares of China Distance Education Holdings Limited traded low $ -0.01 or -0.11 percent on Tuesday, reaching $ 8.88 with volume of 32.90 thousand shares. The stock opened positive for the day at $ 8.95, after closing the previous day trading at $ 8.89.
According to the previous trading day, closing price of $ 8.89, representing a 114.22 % increase from the 52 week low of $ 4.15 and a 25.85 % decrease over the 52 week high of $ 11.99.
The company has a market capital of $ 300.41 million and is part of the Consumer Defensive sector and Education & Training Services industry.
China Distance Education Holdings Limited provides online and offline education services, and sells related products in the Peoples Republic of China. It operates in three segments: Professional Education Services, Business Start-Up Training Services, and The Sale of Learning Simulation Software. The company offers online professional education services in accounting, healthcare, and engineering and construction industries; and other professional education courses, such as online test-preparation courses for the legal professional qualification examination and self-taught learners pursuing higher education diplomas or degrees, test preparation courses for university students, accounting practical skills training courses, and online language courses.
