Benzinga | Oct 22, 2020 07:18AM EDT

TAL Education: Q2 Earnings Insights

Shares of TAL Education (NYSE:TAL) decreased 3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 300.00% year over year to $0.08, which missed the estimate of $0.12.

Revenue of $1,103,000,000 higher by 17.76% from the same period last year, which missed the estimate of $1,130,000,000.

Outlook

TAL Education hasn't issued any earnings guidance for the time being.

TAL Education hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 22, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/x5csxmnu

Recent Stock Performance

Company's 52-week high was at $83.67

52-week low: $36.12

Price action over last quarter: down 7.82%

Company Profile

Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth-quarter fiscal 2020, TAL's small classes account for 68% of its revenue, one-on-one 8%, and Xueersi.com 24%. Its tutoring services cover the core academic subjects in China's school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL's learning centers currently cover 70-plus cities in China and a total of 871 learning centers. In fourth-quarter fiscal 2020, current normal priced long-term course student enrolment was 4.65 million.