Brokerages Anticipate RISE Education Cayman Ltd (REDU) to Post $0.00 EPS
RISE Education Cayman Ltd (NASDAQ:REDU) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus target price of $19.00 for the company, according to Zacks. Zacks has also given RISE Education Cayman an industry rank of 172 out of 265 based on the ratings given to its competitors.
REDU has been the topic of several research reports. Zacks Investment Research upgraded shares of RISE Education Cayman from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Friday, January 19th. Morgan Stanley initiated coverage on shares of RISE Education Cayman in a report on Tuesday, November 14th. They issued an “overweight” rating and a $15.50 price objective on the stock.
RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings results on Monday, November 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). equities research analysts anticipate that RISE Education Cayman will post 0.26 EPS for the current year.
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About RISE Education Cayman
RISE Education Cayman Ltd is a holding company. The Company, through its subsidiaries, offers after-school English teaching and tutoring services to students aged three to 18. It operates in China’s junior English Language Training (ELT) market. Its offers three flagship courses, including Rise Start, Rise On and Rise Up, that are designed for students aged three to six, seven to twelve and 13 to 18, respectively.
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