TAL Education Group (NYSE: TAL) shares surged 5.57% in pre-market trading on Thursday following the release of its impressive second-quarter fiscal 2026 financial results. The Chinese education technology company significantly outperformed analyst expectations, demonstrating robust growth across key financial metrics.
The company reported quarterly earnings of $0.24 per adjusted American Depositary Share (ADS), handily beating the analyst consensus estimate of $0.16 by 48.15%. This represents a remarkable 100% increase from the $0.12 per share reported in the same period last year. TAL's revenue also exceeded expectations, coming in at $861.4 million, surpassing the analyst consensus estimate of $822.3 million by 4.75%. The top-line figure marks a substantial 39.1% year-over-year growth from $619.4 million in the prior-year quarter.
TAL Education's strong performance was primarily driven by the success of its enrichment learning programs and learning devices. The company's focus on strategic resource allocation and continued investments in user experience, technology, and educational model innovations have evidently paid off. Additionally, TAL announced a $600 million share repurchase program, signaling management's confidence in the company's future growth prospects. With Wall Street's median 12-month price target for TAL Education Group at $12.68, approximately 5.1% above its previous closing price, the stock's pre-market surge aligns with analysts' positive outlook on the company.