17 Education & Technology Group Down 5.66% To $1.00 After Earnings

Thursday, June 15, 2023 - 17 Education & Technology Group (YQ) reported downside earnings and upside revenues.

17 Education & Technology Group's earnings came in at an EPS loss of $0.19 per share. The firm's earnings are down 733% since reporting $0.03 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $1.4 million. That revenue figure represents a 96.33% decrease from the year ago quarter.

The stock is down 5.66% to $1.00 after the report.

17 Education & Technology Group's profit margins took a hit as earnings fell at a faster pace than revenues.

Trading in the five days leading up to the report earned 17 Education & Technology Group a Bullish Sentiment Rank from InvestorsObserver.

17 Education & Technology Group has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 21, putting 17 Education & Technology Group in the bottom 25% of stocks. The firm set a 52-week high on December 20, 2022 at $2.37 and set a 52-week low on November 3, 2022 at $0.61.

17 Education & Technology Group Inc is an online tutoring company.