Equities Analysts Issue Forecasts for QuantaSing Group Limited’s FY2024 Earnings (NASDAQ:QSG)

QuantaSing Group Limited (NASDAQ:QSGFree Report) – Equities research analysts at Noble Financial decreased their FY2024 earnings per share (EPS) estimates for shares of QuantaSing Group in a note issued to investors on Wednesday, June 5th. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings per share of $0.69 for the year, down from their previous forecast of $0.70. The consensus estimate for QuantaSing Group’s current full-year earnings is $0.75 per share. Noble Financial also issued estimates for QuantaSing Group’s FY2025 earnings at $0.97 EPS.

QuantaSing Group (NASDAQ:QSGGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.16. The firm had revenue of $138.11 million for the quarter, compared to the consensus estimate of $132.07 million. QuantaSing Group had a net margin of 5.78% and a return on equity of 83.40%. During the same quarter in the previous year, the company earned ($0.45) EPS.

QuantaSing Group Trading Down 13.7 %

Shares of QuantaSing Group stock opened at $2.26 on Friday. QuantaSing Group has a 1-year low of $1.40 and a 1-year high of $9.50. The business has a 50-day moving average price of $3.14 and a two-hundred day moving average price of $2.89. The company has a market cap of $127.67 million, a P/E ratio of 5.02 and a beta of 1.06.

Institutional Trading of QuantaSing Group

A hedge fund recently bought a new stake in QuantaSing Group stock. Boston Partners acquired a new position in shares of QuantaSing Group Limited (NASDAQ:QSGFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,007 shares of the company’s stock, valued at approximately $401,000. Boston Partners owned about 0.17% of QuantaSing Group at the end of the most recent quarter.

QuantaSing Group Company Profile

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QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.

Further Reading

Earnings History and Estimates for QuantaSing Group (NASDAQ:QSG)

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