EDU: Better Operation And Previous Gov’t Policies Led To High Growth In K-12 Attendees And Better FY2Q20 Performance; Maintain BUY And Raise Price Target
EDU will report FY2Q20 results on January 20th before the markets open with an 8am EST conference call. We are positive on EDU into FY2Q20 earnings. During the quarter, the growth of K-12 course offerings was strong. Based on our data and calculation, we believe EDU’s revenue in FY2Q20 is likely to be higher than consensus at $771.8M (29.3% Y/Y growth), driven by the higher growth of K-12 attendees. In addition to better operations on the company front, market consolidation is also contributing to the better performance.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.