Gaotu Techedu Q4 Adj. EPS $(0.06) Beats $(0.07) Estimate, Sales $75.11M Miss $100.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gaotu Techedu (NYSE:GOTU) reported Q4 adjusted losses of $(0.06) per share, beating estimates by 21.43% but with a 210% decrease from last year's earnings. Sales were $75.11M, missing estimates by 25.25% and marking a 17.72% decrease from the previous year.
February 27, 2024 | 7:21 am
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NEGATIVE IMPACT
Gaotu Techedu reported a Q4 adjusted EPS of $(0.06), surpassing estimates, but sales of $75.11M missed expectations and showed a significant year-over-year decline.
While the EPS beat may provide a short-term positive sentiment, the significant miss in sales and the year-over-year decline in both earnings and sales are likely to have a negative impact on investor sentiment and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100