Bright Scholar Education Holdings Limited (BEDU) Tops Q1 EPS by 2c, Revenues Beat

Bright Scholar Education Holdings Limited (NYSE: BEDU) reported Q1 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $159.91 million versus the consensus estimate of $154.26 million.

REVISED GUIDANCE FOR FISCAL YEAR ENDING AUGUST 31, 2021

The Company revised its guidance for the 2021 fiscal year and expects its revenue to be in a range of RMB3.59 billion and RMB3.69 billion, representing a year-over-year growth of 7% to 10%, and its average student enrolment in our domestic and overseas schools to be between approximately 56,000 and 57,000, representing a year-over-year increase of 8% to 10%.

This guidance is based on the current market and operating conditions and reflects the Company\'s current and preliminary estimates of such market and operating conditions and market demand, which are all subject to change.

For earnings history and earnings-related data on Bright Scholar Education Holdings Limited (BEDU) click here.

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