• Gaotu Techedu Inc GOTU.N reported a quarterly adjusted loss of 84 fen​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of CNY-1.61. The mean expectation of two analysts for the quarter was for a loss of CNY1.03 per share. Wall Street expected results to range from CNY-1.16 to -90 fen per share.

• Revenue rose 37.6% to CNY1.39 billion from a year ago; analysts expected CNY1.32 billion.

• The company reported a quarterly loss of CNY215.99 million.

• Gaotu Techedu Inc shares had risen by 4.7% this quarter and gained 72.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the miscellaneous educational service providers peer group is also "buy"

• Wall Street's median 12-month price target for Gaotu Techedu Inc is $4.75, about 20.4% above its last closing price of $3.78

This summary was machine generated from LSEG data August 26 at 01:31 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)