TAL Education Group [NYSE:TAL] will report earnings after markets close on Thursday, January 21st.
TAL Earnings Forecast For The Current Quarter
TAL Education Group [TAL] is expected to report strong earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $1.03B and an earnings per share of $0.07 for Nov 2020. Looking further ahead, the company is expected to report revenue of $1.17B at an EPS of $0.16 for Feb 2021. The estimates represent 43.10% and 105.94% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TAL Earnings Estimates For The Current Year
For the financial year, TAL Education Group [NYSE:TAL] is expected to bring in revenue of $4.35B. The returns are nearly $1.08 billion higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.5, higher than that of FY20 by $0.64. Estimates put this year’s earnings growth at 457.10%, 108.00% for the next, and at an annual 66.00% over the next 5-year period. As for sales, forecasts are for an increase of 32.80% in the current fiscal year and a further 43.10% over the following year.
TAL Price Performance
On Wall Street, TAL Education Group [NYSE:TAL] finished Tuesday’s session up 4.16% at $68.33. The stock went up to $68.635 at the same session while its lowest single day price was $66.70. In the last five days, it saw a rise of about 2.74%, TAL Education Group shares dropped by almost -4.45% since the beginning of the year. However, the share price has dropped to as low as -18.34% below its one year high. On 01/04/21, the company shares recorded $71.97, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/13/21, the same year at $64.79. The company’s shares have inclined by 26.49% in the past year. The 50-day SMA achieved is $70.00 while the 200-day SMA is $68.39. Volume gained to 4.25 million from 2.2 million in the previous session.
TAL Education Group [TAL] Valuation Measures
Notably, TAL Education Group [TAL] stock cannot be classified as a good candidate in the listing of underestimated low-priced Education & Training Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 13666.00. The measure means the stock is exchanging at a premium as compared to the 23.65x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 11.16 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.18 which means TAL serve an unattractive investment opportunity compared to its competitors.
TAL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 68.33 level, and in case of violation of this particular level, it will cause more drop to 67.14 level. On the upper level, 71.01 is still the key resistance. The stock may increase to the subsequent resistance at 69.82. The Relative Strength Index (RSI) pinned on the 14-day chart is 50.36, implying a neutral technical stance while the MACD stands at -1.27, meaning price will decrease in the next trading period. Percent R indicator moved to 55.42%, implying low price movement. Stochastic %K at 21.66% suggest holding the stock.
Is TAL Education Group [NYSE:TAL] a Good Buy Right Now?
It should be noted that TAL technical indicators for short, intermediate as well as long term progress have placed an overall average of 56% as Sell. The average signal changed from 56% Sell in the last week and compares with 24% Sell in the past month. Data from TAL Education Group’s Trend Spotter indicated that the signals were Weakest. The stock current average is 2.97 million shares in the past 20 days and the short term average signal indicates a 50% Sell. In the last 50 days, the average trading volume was 2.57 million shares while the medium term average advocated for 50% Sell. The average long-term signal stands at 50% Sell and the 100-day average volume stands at 2.67 million shares.
What is the short interest in TAL Education Group?
Short interest in the TAL Education Group stock has surged, increasing by 1.6 million shares to total 11.4 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 13.0 million, data from Yahoo Finance shows. The decrease of -14.04% suggests the stock saw some decreased bullish sentiment.
TAL Education Group’s Biggest Shareholders: Who Owns TAL Education Group [TAL]?
Filings by Baillie Gifford & Co. showed that the firm now holds a total of 47,235,605 shares or roughly 11.82% of the outstanding TAL shares. This means their shares have increased by 5,386,627 from the 47,235,605 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, UBS Asset Management Switzerland updated stake is worth $2,872,472,533. Details in the latest 13F filings reveal that Morgan Stanley Asia Ltd. acquired their 31.68% stake valued at $2,414,314,828 while UBS Asset Management added theirs at $1,647,965,470. During the last quarter, Morgan Stanley Asia Ltd. raised 8,122,953 of its shares in TAL Education Group while UBS Asset Management bought 436,915 shares. The The Vanguard Group, Inc.’s holdings currently number 12,315,898 shares at $841545310.34. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 12,113,915 shares, roughly $866,266,062.
What are analyst thoughts on TAL Education Group?
Looking forward to the TAL Education Group share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for TAL Education Group stock at $83.00 within the next 12 months, which represents almost 17.67 per cent growth from its previous closing price of $68.33. The highest analysts’ target for TAL Education Group stock projections is $102.00 and the lowest one is $70.00. Still, 34 analysts sharing their consensus rating for TAL stock in 2021 agree that it is a Buy.