Gaotu Techedu(NYSE:GOTU) stock fell by 0.32% on Thursday after the company reported its Q2 earnings results on Wednesday, September 22, 2021 at 01:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Gaotu Techedu missed their estimated earnings by 109.09%, which surprised analysts.
Revenue was up $112,145,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $-0.47, which was followed by a 4.58% increase in the share price the next day.
Here’s a look at Gaotu Techedu’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|
| EPS Estimate | -0.22 | -0.38 | -0.38 | -0.31 | 0.06 |
| EPS Actual | -0.46 | -0.85 | -0.39 | -0.57 | 0.04 |
| Price Change % | -0.32% | 4.58% | 8.86% | -7.97% | -5.44% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Gaotu Techedu earnings and revenue guidance hasn’t been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
