GSX Techedu Inc. (NYSE:GSX) is expected to report second quarter earnings results, before market open, on Wednesday 2nd September 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.06 per share.
Looking ahead, the full year income are expected at $ 0.43 per share on the revenues of $ 1033.09 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 215.51 million ~ $ 219.75 million
Click Here For More Historical Outlooks Of GSX Techedu Inc.
Previous Quarter Performance
GSX Techedu Inc. unwinded income for the first quarter of $ 0.76 per share, from the revenue of $ 1,298.00 million. Street analysts expected GSX Techedu Inc. to report income of $ 0.08 per share on revenue of $ 163.41 million for the first quarter.
Stock Performance
Shares of GSX Techedu Inc. traded up $ 8.12 or 9.50 percent on Tuesday, reaching $ 93.52 with volume of 3.18 million shares. The stock opened positive for the day at $ 88.87, after closing the previous day trading at $ 85.40.
According to the previous trading day, closing price of $ 85.40, representing a 628.67 % increase from the 52 week low of $ 11.72 and a 39.77 % decrease over the 52 week high of $ 141.78.
The company has a market capital of $ 22.32 billion and is part of the Consumer Defensive sector and Education & Training Services industry.
Recent Analyst recommendations
- On 27th July 2020, downgraded by Deutsche Bank to Hold from Buy rating.
- On 16th July 2020, downgraded by Barclays to Equal-Weight from Overweight rating.
Conference Call
GSX Techedu Inc. will be hosting a conference call at 8:00 AM eastern time on 2nd September 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-888-317-6003 (United States) or 1-412-317-6061 Toll Number, with passcode : 4536408 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/gsx/mediaframe/40026/indexr.html
GSX Techedu Inc., a technology-driven education company, provides online K-12 large-class after-school tutoring services in the Peoples Republic of China. It offers K-12 large-class after-school tutoring courses that cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The company also provides English courses for children in kindergarten; and courses that help children in grade one through grade seven.
