Xueda Education (XUE) Updates FY14 Earnings Guidance
Xueda Education (NYSE:XUE) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of at least $0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41, Analyst Ratings Network.com reports. The company issued revenue guidance of at least $394 million, compared to the consensus revenue estimate of $407.95 million.Xueda Education also updated its Q1 guidance to at least $0.06 EPS.
On a related note, analysts at Zacks downgraded shares of Xueda Education from an outperform rating to a neutral rating in a research note on Monday, January 27th. They now have a $8.00 price target on the stock.
Xueda Education (NYSE:XUE) traded up 0.30% during mid-day trading on Wednesday, hitting $6.63. The stock had a trading volume of 118,073 shares. Xueda Education has a 1-year low of $2.63 and a 1-year high of $7.70. The stock’s 50-day moving average is $6.63 and its 200-day moving average is $5.33. The company has a market cap of $437.8 million and a price-to-earnings ratio of 36.52.
Xueda Education (NYSE:XUE) last released its earnings data on Wednesday, February 26th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.04). The company had revenue of $69.11 million for the quarter, compared to the consensus estimate of $69.30 million. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that Xueda Education will post $0.24 EPS for the current fiscal year.
Xueda Education Group, incorporated on April 24, 2009, is a holding company. Through its subsidiaries, it is engaged in providing tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services.
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