GSX Techedu (NYSE:GSX) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

GSX Techedu (NYSE:GSX) issued its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.08), Fidelity Earnings reports. The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $485.07 million. The company’s revenue was up 461.5% compared to the same quarter last year.

GSX Techedu stock traded up $0.36 during midday trading on Friday, reaching $15.30. The company had a trading volume of 16,533 shares, compared to its average volume of 730,400. GSX Techedu has a 12-month low of $8.53 and a 12-month high of $17.54. The business has a fifty day moving average of $14.78. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.11.

GSX has been the topic of several research reports. Bank of America began coverage on GSX Techedu in a report on Wednesday, October 9th. They issued a “buy” rating and a $22.00 target price on the stock. Barclays reissued a “buy” rating and set a $20.00 price objective on shares of GSX Techedu in a research note on Thursday.

GSX Techedu Company Profile

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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