|Bid||79.36 x 100|
|Ask||79.40 x 100|
|Day's Range||78.31 - 80.06|
|52 Week Range||37.16 - 83.91|
|PE Ratio (TTM)||47.85|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Q4 2017 New Oriental Education & Technology Group Inc Earnings Call
Credit Suisse has lifted its price target on TAL Education (TAL) by 20% after the Chinese after-school tutoring group posted strong first quarter profits. TAL Education's net revenue grew at a 65% year-on-year pace, while net income increased nearly 118% from the same time last year. Credit Suisse liked the result even though average selling prices (ASP) were flat: TAL Education reported another quarter of strong beat on top line by 5% over our/street estimates, delivering revenue growth of 65% YoY, mainly driven by small class enrolment growth of 69% YoY as well as 6% contribution from First Leap and Shunshun consolidation.
TAL Education reported fiscal first-quarter results that easily beat views. Here's how the China-based education company performed.