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ATA Creativity Global (AACG)
NASDAQ:AACG
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -20.00%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights significant growth in revenues and student enrollments driven by portfolio training services and new partnerships. However, increased costs have led to a decrease in gross margin and a widening net loss.Company Guidance
During the third quarter of 2024, ATA Creativity Global (ACG) provided guidance on several financial and operational metrics. Total net revenue for Q3 was reported at RMB 67.3 million, a 13.1% increase from the prior year, driven largely by portfolio training and research-based learning services. Gross profit for the quarter stood at RMB 30 million, although the gross margin decreased to 44.6% from 49.2% due to higher staffing and outsourcing costs. Operating expenses rose by 28.4% to RMB 47.7 million, leading to a net loss of RMB 14.7 million. For the first nine months of 2024, net revenues increased by 21.1% to RMB 167.1 million, with gross profit rising by 24.6% to RMB 77.6 million. ACG's full-year revenue guidance for 2024 is projected to be between RMB 233 million and RMB 255 million, reflecting a 5% to 15% year-over-year increase. The company remains focused on portfolio training services as its primary growth driver, alongside expanding its educational offerings and international partnerships.Double-Digit Revenue Growth
ACG reported a 13.1% increase in net revenues for Q3 2024 and a 21.1% increase for the first 9 months of 2024 compared to the same periods in 2023.
Increased Student Enrollment
Overall student enrollment rates increased by more than 20% for both Q3 2024 and the first 9 months of 2024 compared to 2023.
Expansion of Service Offerings
ACG expanded its services with new strategic partnerships and increased offerings in research-based learning and overseas study counseling.
Strong Portfolio Training Services
Portfolio training services remained the main revenue source, contributing more than 70% to total revenues.
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AACG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AACG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.05 | $1.04 | -0.95% |
| Aug 07, 2024 | $0.65 | $0.64 | -1.54% |
| May 14, 2024 | $0.92 | $0.93 | +1.09% |
| Mar 26, 2024 | $1.02 | $1.12 | +9.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ATA Creativity Global (AACG) report earnings?
ATA Creativity Global (AACG) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is ATA Creativity Global (AACG) earnings time?
ATA Creativity Global (AACG) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AACG EPS forecast?
Currently, no data Available
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