China Online Education Group Exceeded Expectations And The Consensus Has Updated Its Estimates

As you might know, China Online Education Group (NYSE:COE) just kicked off its latest quarterly results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 6.6% to hit CN¥493m. China Online Education Group also reported a statutory profit of CN¥1.37, which was an impressive 73% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for China Online Education Group

earnings-and-revenue-growth

Taking into account the latest results, the consensus forecast from China Online Education Group’s twin analysts is for revenues of CN¥2.00b in 2020, which would reflect a decent

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