TAL International Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TAL International Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew slightly.
Margins contracted across the board.
TAL International Group logged revenue of $151.8 million. The nine analysts polled by S&P Capital IQ expected a top line of $152.8 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $134.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.04. The nine earnings estimates compiled by S&P Capital IQ predicted $0.95 per share. GAAP EPS of $1.09 for Q4 were 2.8% higher than the prior-year quarter's $1.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 88.3%, 230 basis points worse than the prior-year quarter. Operating margin was 48.8%, 1,080 basis points worse than the prior-year quarter. Net margin was 24.2%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $151.7 million. On the bottom line, the average EPS estimate is $0.96.
Next year's average estimate for revenue is $641.7 million. The average EPS estimate is $4.16.
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 $40.25.
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