Zacks: Analysts Anticipate Bright Scholar Education Holdngs Ltd-ADR (BEDU) Will Announce Earnings of $0.17 Per Share

Brokerages forecast that Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) will post $0.17 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Bright Scholar Education Holdngs’ earnings. Bright Scholar Education Holdngs reported earnings of $0.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The company is expected to issue its next earnings results after the market closes on Thursday, January 17th.

According to Zacks, analysts expect that Bright Scholar Education Holdngs will report full-year earnings of $0.42 per share for the current year, with EPS estimates ranging from $0.39 to $0.45. For the next financial year, analysts expect that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.46 to $0.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Bright Scholar Education Holdngs.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $57.05 million for the quarter. Bright Scholar Education Holdngs had a net margin of 14.39% and a return on equity of 11.17%.

BEDU has been the subject of several research reports. ValuEngine upgraded shares of Bright Scholar Education Holdngs from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Morgan Stanley lowered shares of Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, Goldman Sachs Group started coverage on shares of Bright Scholar Education Holdngs in a research report on Monday, December 3rd. They set a “neutral” rating and a $12.50 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.75.

Large investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of Bright Scholar Education Holdngs in the third quarter worth about $152,000. Marshall Wace North America L.P. lifted its holdings in shares of Bright Scholar Education Holdngs by 16.2% in the third quarter. Marshall Wace North America L.P. now owns 13,516 shares of the company’s stock worth $167,000 after buying an additional 1,883 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Bright Scholar Education Holdngs in the second quarter worth about $174,000. Highland Capital Management LLC purchased a new stake in shares of Bright Scholar Education Holdngs in the third quarter worth about $339,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Bright Scholar Education Holdngs by 26.7% in the third quarter. Renaissance Technologies LLC now owns 108,200 shares of the company’s stock worth $1,341,000 after buying an additional 22,800 shares in the last quarter. Hedge funds and other institutional investors own 13.23% of the company’s stock.

BEDU traded up $0.27 during trading on Friday, hitting $11.43. 371,100 shares of the company traded hands, compared to its average volume of 405,462. The firm has a market cap of $1.44 billion, a P/E ratio of 38.10 and a beta of 1.15. Bright Scholar Education Holdngs has a one year low of $8.82 and a one year high of $23.99.

About Bright Scholar Education Holdngs

Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services.

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