Gaotu Techedu (GOTU) Scheduled to Post Quarterly Earnings on Tuesday

Gaotu Techedu (NYSE:GOTU – Get Rating) is set to announce its earnings results before the market opens on Tuesday, May 30th. Gaotu Techedu has set its Q1 2023 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Gaotu Techedu (NYSE:GOTU – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $0.04 EPS for the quarter. The firm had revenue of $91.29 million during the quarter. Gaotu Techedu had a return on equity of 0.59% and a net margin of 0.71%.

Gaotu Techedu Price Performance

GOTU opened at $2.94 on Tuesday. The stock has a market capitalization of $755.67 million, a price-to-earnings ratio of 294.29 and a beta of -0.75. The business has a 50-day moving average of $3.55 and a two-hundred day moving average of $3.12. Gaotu Techedu has a 12 month low of $0.64 and a 12 month high of $5.49.

Wall Street Analysts Forecast Growth

Separately, CLSA upgraded Gaotu Techedu from an “underperform” rating to an “outperform” rating in a report on Monday, February 13th.

Institutional Investors Weigh In On Gaotu Techedu

A number of institutional investors have recently made changes to their positions in GOTU. Engineers Gate Manager LP bought a new position in Gaotu Techedu during the 4th quarter worth $27,000. Vident Investment Advisory LLC bought a new position in Gaotu Techedu during the 4th quarter worth $30,000. OLD Mission Capital LLC grew its stake in Gaotu Techedu by 301.7% during the 1st quarter. OLD Mission Capital LLC now owns 11,486 shares of the company’s stock worth $48,000 after buying an additional 8,627 shares during the last quarter. Virtu Financial LLC bought a new position in Gaotu Techedu during the 4th quarter worth $49,000. Finally, Sei Investments Co. bought a new position in Gaotu Techedu during the 1st quarter worth $49,000. 11.91% of the stock is currently owned by institutional investors.

About Gaotu Techedu

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Gaotu Techedu, Inc is a technology-driven education company. The company was founded by Xiang Dong Chen in June 2014 and is headquartered in Beijing, China.