TAL International Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), TAL International Group missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Gross margins expanded, operating margins shrank, net margins grew.
Revenue details
TAL International Group reported revenue of $149.0 million. The nine analysts polled by S&P Capital IQ expected revenue of $152.8 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $137.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.95. The nine earnings estimates compiled by S&P Capital IQ anticipated $1.03 per share. GAAP EPS of $0.93 for Q3 were 72% higher than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 88.3%, 210 basis points better than the prior-year quarter. Operating margin was 46.1%, 1,250 basis points worse than the prior-year quarter. Net margin was 20.9%, 780 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $154.4 million. On the bottom line, the average EPS estimate is $1.06.
Next year's average estimate for revenue is $595.2 million. The average EPS estimate is $4.01.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TAL International Group is outperform, with an average price target of $41.63.
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