-=GSX Techedu Inc. (GSX) reported earnings on Fri 20 Nov 20 (b/o)

 

Techedu misses by RMB1.58, reports revs in-line; guides Q4 revs below consensus

Reports Q3 (Sep) loss of RMB 3.62 per share, RMB 1.58 worse than the S&P Capital IQ Consensus of (RMB 2.04); revenues rose 252.9% year/year to RMB 1.97 bln vs the RMB 1.95 bln S&P Capital IQ Consensus.

Co issues downside guidance for Q4, sees Q4 revs of RMB2.08-2.12 bln vs. RMB 2.24 bln S&P Capital IQ Consensus.

-=GSX Techedu Inc. (GSX) reported earnings on Wed 2 Sept 20 (b/o)

GSX Techedu also discloses SEC investigation

Following a number of short-seller reports about the company from approximately February 2020 to approximately July 2020, the SEC's Division of Enforcement contacted the company, requesting it to produce certain financial and operating records dating from January 1, 2017. The company is cooperating with the SEC.

"We cannot predict the timing, outcome, or consequence of the SEC investigation. Prior to the SEC contact, the Audit Committee of the Board of Directors of the Company engaged third party professional advisers to conduct an internal independent review into these reports' key allegations."

Techedu misses by RMB0.10, beats on revs; guides Q3 revs above consensus

Reports Q2 (Jun) earnings of RMB0.29 per share, RMB0.10 worse than the S&P Capital IQ Consensus of RMB0.39; revenues rose 366.6% year/year to RMB1.65 bln vs the RMB1.59 bln S&P Capital IQ Consensus.

Co issues upside guidance for Q3, sees Q3 revs of RMB1.94-1.97 bln vs. RMB1.83 bln S&P Capital IQ Consensus.

GSX Techedu Inc. (GSX) reported earnings on Thur 22 Aug 2019 (b/o)

** charts before earnings ** 

 

** after earnings **

BEIJING, Aug. 22, 2019 /PRNewswire/ -- GSX Techedu Inc. (GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2019.

Highlights for the Second Quarter Ended June 30, 2019

• Net revenues increased 413.4% year-over-year to RMB353.7 million from RMB68.9 million in the same period of 2018.
• Gross billings increased 462.4% year-over-year to RMB599.4 million from RMB106.6 million in the same period of 2018.
• Gross profit margin increased to 71.4% from 61.4% in the same period of 2018.
• Non-GAAP gross profit margin increased to 72.6% from 61.5% in the same period of 2018.
• Income from operations increased to RMB16.2 million from loss from operations of RMB0.5 million in the same period of 2018.
• Non-GAAP income from operations increased to RMB31.1 million from RMB0.2 million in the same period of 2018.
• Total enrollments increased 250.3% to 592,000 from 169,000 in the same period of 2018.

Highlights for the Six Months Ended June 30, 2019

• Net revenues increased 437.9% year-over-year to RMB622.8 million from RMB115.8 million in the same period of 2018.
• Gross billings increased 436.8% year-over-year to RMB899.5 million from RMB167.6 million in the same period of 2018.
• Gross profit margin increased to 70.6% from 59.2% in the same period of 2018.
• Non-GAAP gross profit margin increased to 71.4% from 59.2% in the same period of 2018.
• Income from operations increased to RMB59.0 million from loss from operations of RMB4.7 million in the same period of 2018.
• Non-GAAP income from operations increased to RMB77.6 million from non-GAAP loss from operations of RMB3.8 million in the same period of 2018.
• Total enrollments increased 234.6% to 803,000 from 240,000 in the same period of 2018.

Earnings this week : Aug 19 - 23, 19 (wk 34)

Monday (Aug 19)

• Morning: EL  QIWI  SINA  WB
• Afternoon: BIDU FN IQ

Tuesday (Aug 20)
Morning: CMCM HD KSS MDT MSG PINC PLAB PPDF SDRL SE SFL TJX

• Afternoon: AMCR CREE JKHY LZB NDSN SCSC TOL URBN

Wednesday (Aug 21)

• Morning: ADI BZUN KLXE LOW MSGN PLCE   PDD  RY TGT VIOT
• Afternoon: HTHT JWN KEYS LB PSTG QADA SNPS  SPLK WUBA ZAYO

Thursday (Aug 22)

• Morning: BJ CM DKS FLWS FLY GSX  HMLP HRL TTC
• Afternoon: ATGE CRM GPS HPQ INTU ROST VMW

Friday (Aug 23) 

• Morning: BKE  FL HIBB

Notable earnings reports:

• Baidu (NASDAQ:BIDU) and Estee Lauder (NYSE:EL) on August 19; 
• Home Depot (HD), TJX Companies (NYSE:TJX), Toll Brothers (NYSE:TOL), Urban Outfitters (NASDAQ:URBN) and Kohl's (NYSE:KSS) on August 20; 
• Splunk (NASDAQ:SPLK), Target (NYSE:TGT), Nordstrom (NYSE:JWN), Lowe's (LOW) and Analog Devices (NASDAQ:ADI) on August 21; 
• Salesforce.com (NYSE:CRM), VMWare (NYSE:VMW), HP Inc. (NYSE:HPQ), Gap (NYSE:GPS) and Dick's Sporting Goods (NYSE:DKS) on August 22; 
• Foot Locker (NYSE:FL) on August 23.