China Online Education Group (NYSE:COE) is set to announce third quarter earning results on Monday 23rd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, COE to report 3Q20 income of $ 0.08 per share from revenue of $ 79.18 million.
For the full year, analysts anticipate top line of $ 303.63 million, while looking forward to income of $ 0.67 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 74.31 million ~ $ 75.30 million
Click Here For More Historical Outlooks Of China Online Education Group
Previous Quarter Performance
China Online Education Group disclosed income for the second quarter of $ 0.20 per share, from the revenue of $ 69.85 million. The quarterly revenues swell 35.68 percent compared with the same quarter last year. Wall street analysts are predicting, COE to report 2Q20 income of $ 0.11 per share from revenue of $ 67.58 million. The bottom line results beat street analysts by $ 0.09 or 81.82 percent, at the same time, top line results outshined analysts by $ 2.27 million or 3.36 percent.
Stock Performance
Shares of China Online Education Group traded up $ 0.84 or 3.31 percent on Friday, reaching $ 26.23 with volume of 23.30 thousand shares. China Online Education Group has traded high as $ 26.61 and has cracked $ 25.00 on the downward trend
According to the previous trading day, closing price of $ 26.23, representing a 363.32 % increase from the 52 week low of $ 5.48 and a 31.73 % decrease over the 52 week high of $ 37.19.
The company has a market capital of $ 561.52 million and is part of the Consumer Defensive sector and Education & Training Services industry.
Conference Call
China Online Education Group will be hosting a conference call at 8:00 AM eastern time on 23rd November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-866-264-5888 U.S. or +1-412-317-5226 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.51talk.com
China Online Education Group, through its subsidiaries, provides online English language education services to students in the Peoples Republic of China and the Philippines. It operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers. The companys flagship courses include Classic English and Classic English Junior for the development of English communication skills.
