Xueda Education Group (XUE) Tops Q1 EPS by 3c

Xueda Education Group (NYSE: XUE) reported Q1 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $85.3 million versus the consensus estimate of $84 million.

Highlights:

• Average hourly course fee increased 8.3% to $32.2 from $29.7 for the first quarter 2013.
• Total student number reached 73,749 with new student sign-ups increasing 9.3% to 27,744 from 25,382 for the first quarter 2013.
• Total students served of small group tutoring increased 103% to 15,169 from 7,460 for the fourth quarter of 2013.
• Net revenues per full-time instructor increased 4.2% to $8,260 from $7,930 for the first quarter 2013.
• Net revenues per square meter of learning center increased 3.4% to $300 from $290 for the first quarter 2013.

Xueda Education Group sees Q2 2014 EPS of $0.30, versus the consensus of $0.29. Xueda Education Group sees Q2 2014 revenue of $120.4 million, versus the consensus of $131.0 million.

Xueda Education Group sees FY2014 EPS of $0.42, versus the consensus of $0.31. Xueda Education Group sees FY2014 revenue of $394 million, versus the consensus of $413.0 million.

For earnings history and earnings-related data on Xueda Education Group (XUE) click here.

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