China Distance Education (DL) Tops Q2 EPS by 2c, Lowers FY Revenue Guidance

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Piper Jaffray Views China Distance Education's (DL) Guidance as Opportunity to Exceed Expectations and Reiterates Overweight Rating

May 21, 2015 9:21 AM EDT

Piper Jaffray reiterate an Overweight rating on China Distance Education (NYSE: DL), and lowered the price target to $22.00 (from $28.00), following Q2 results and guidance. Revenue came in at $22.3M, essentially in-line with the Street's $22.4M estimates. EPS was $0.05 vs. $0.03 estimates. The company updated FY15 guidance 5% below... More

Brean Capital Maintains Buy Following China Distance Education's (DL) 2Q Results

May 21, 2015 7:17 AM EDT

Brean Capital maintains a Buy rating on China Distance Education (NYSE: DL), and lowered the price target to $23.00 (from $24.00), following 2Q results. DL reported revenue of $22.3mm, roughly in line with consensus expectations of $22.4mm. EPS
was $0.049, slightly ahead of consensus $0.040.

Analyst Anne Shih commented on DL, saying, "China Distance reported mixed earnings after the market close on Tuesday, with results largely in line but guidance disappointing. Management provided lower-than-expected fiscal third quarter guidance and revised downward their full year 2015 guidance based on... More

China Distance Education (DL) PT, Estimates Cut at Oppenheimer Amid Weak Guidance

May 21, 2015 6:56 AM EDT

Oppenheimer analyst Ella Ji lowered its price target on Outperform-rated China Distance Education (NYSE: DL) to $20.00 (from $29.00), saying policy change brings near-term growth headwinds.

Ji commented, "F2Q15 results were roughly in line. However, F3Q guidance falls below our... More