CORRECTION: Gaotu Techedu Q4 Adj. EPS $(0.06) Beats $(0.07) Estimate, Sales $107.19M Beat $100.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gaotu Techedu (NYSE:GOTU) reported Q4 adjusted EPS of $(0.06), surpassing the $(0.07) estimate, and sales of $107.19M, exceeding the $100.49M estimate. This represents a 220% decrease in EPS from last year's $0.05, and a 17.42% increase in sales from $91.29M.
February 27, 2024 | 9:20 am
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Gaotu Techedu reported a Q4 adjusted EPS of $(0.06), beating estimates, and sales of $107.19M, also above expectations. Despite a 220% decrease in EPS from last year, sales increased by 17.42%.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term uptick in stock price. However, the significant decrease in EPS year-over-year might temper some of the enthusiasm, hence the importance is not at the maximum. The confidence in this analysis is high due to the clear beat on both key financial metrics.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100