51Talk Online Education Group Up 8% To $7.56 After Earnings

Friday, August 25, 2023 - 51Talk Online Education Group (COE) reported downside earnings and upside revenues.

51Talk Online Education Group's earnings came in at an EPS loss of $0.48 per share. The firm's loss per share expanded by 860% since reporting a loss of $0.05 per share a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

51Talk Online Education Group reported a revenue of $6.3 million in Q2 2023. The firm managed 78% growth year-over-year due to 51Talk Online Education Group reporting quarterly revenue of $3.5 million in its year-ago quarter. 51Talk Online Education Group achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is up 8% to $7.56 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 46.

China Online Education Group is an online education platform in China with core expertise in English education. The companys mission is to make quality education accessible and affordable. Its online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers on demand. Further the company connects its students with a large pool of qualified foreign teachers that it assembled using a shared economy approach and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.