Bright Scholar Education Holding Down 7.61% To $0.85 After Earnings

Bright Scholar Education Holding (BEDU) said after close Wednesday that it broke even in quarter three 2022.

In the same quarter a year ago, the company earned $0.23 per share on revenue of $165.5 million.

The stock is down 7.61% to $0.85 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

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

Bright Scholar Education Holding has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 75, putting Bright Scholar Education Holding in the top 25% of stocks. The firm set a 52-week low on April 12, 2022 at $0.51 and set a 52-week high on July 22, 2021 at $4.2.

Bright Scholar Education Holdings Ltd operates international and bilingual K-12 schools in the People's republic of China (PRC). The company offers a broad range of internationally-accredited curriculum in its schools. Its operating segment includes International Schools, Bilingual Schools, Kindergartens, Complementary Education Services, Overseas School, and Education Technology. The company generates maximum revenue from the International Schools segment. Geographically, it derives a majority of revenue from China.