Sunlands Online Education Group Down 0.57% To $5.22 After Earnings

Sunlands Technology Group - ADR (STG) beat out earnings estimates for Q2 2022 this morning.

The company reported an EPS of $1.26. The firm reported an EPS of $0.26 in the year-ago quarter. The increase in Sunlands Online Education Group's annual growth rate represents how the business is performing well amid recent economic conditions.

Sunlands Online Education Group Q2 2022 revenue came in at $82.9 million. The company achieved negative 15% growth year-over-year compared to the firm's revenue of $97.5 million from the year-ago quarter. The higher earnings growth relative to revenue signals Sunlands Online Education Group has improved its profit margin.

The stock is down 0.57% to $5.22 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 Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 50.

Sunlands Technology Group is a provider of online post-secondary and professional education services in China. The company offers various degree- and diploma-oriented post-secondary courses through its online platforms. In addition, it provides online professional courses and educational content to help students prepare for professional certification exams and attain professional skills. The Group has one operating segment, which is the provision of online education service.