TAL Education Group reports results for the quarter ended in February - Earnings Summary

• TAL Education Group TAL reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended in February, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of four analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 5 cents per share.

• Revenue rose 59.7% to $429.56 million from a year ago; analysts expected $389.78 million.

• TAL Education Group's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $27.51 million.

• TAL Education Group shares had risen by 8.0% this quarter and lost 2.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "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 TAL Education Group is $13.90

This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. ​All figures in US dollars 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)