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
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