TAL Education Group (ADR) (XRS) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.25 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.31. The company posted revenue of $195.10 million in the period, compared to analysts expectations of $184.76 million. The company’s revenue was up 50.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on TAL Education Group (ADR). Jefferies Resumed TAL Education Group (ADR) on Jul 8, 2016 to “Hold”, Price Target of the shares are set at $64.50.TAL Education Group (ADR) was Downgraded by Credit Agricole to ” Outperform” on Apr 29, 2016.
TAL Education Group (ADR) opened for trading at $61.78 and hit $64.31 on the upside on Wednesday, eventually ending the session at $63.71, with a gain of 2.63% or 1.63 points. The heightened volatility saw the trading volume jump to 6,92,500 shares. Company has a market cap of $5,153 M.
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in the PRC. The Company offer tutoring services to K-12 students covering core academic subjects including mathematics physics chemistry biology history geography political science English and Chinese among others as well as through its Mobby tutoring services young learners tutoring services for students aged two through eight. It delivers its tutoring services primarily through small classes (including Xueersi Peiyou and Mobby tutoring services) personalized premium services and online course offerings. Its educational network consists of approximately 289 learning centers and approximately 267 service centers in 19 cities throughout China.