While there are notable achievements in net profit increase and enrollment growth, the company faces challenges with declining revenues, increased costs, and a cautious outlook for the next quarter.
Company Guidance
During the Third Quarter 2024 Earnings Conference Call for Sunlands, the company provided guidance indicating expectations for net revenues in the fourth quarter to range between RMB 450 million and RMB 470 million, representing a year-over-year decrease of 13.2% to 16.9%. This outlook reflects management's current estimates based on prevailing market conditions, operating environments, and customer demand, which remain subject to change. The company emphasized its strategic focus on long-term value generation, despite a slight sequential decline in third-quarter revenue to RMB 491.3 million, while net profit saw an 8.6% increase to RMB 89.3 million. Sunlands plans to continue investing in innovation and optimizing its cost structure to drive sustainable growth and adapt to evolving customer needs.
Net Profit Increase
Net profit reached RMB 89.3 million, an 8.6% increase from the previous quarter, driven by strategic realignment towards high-return areas.
Enrollment Growth
Total enrollments grew by 11.2% year-over-year in the first 9 months of the year, highlighting the effectiveness of strategic initiatives.
Interest and Professional Skills Sector
The interest, professional skills, and certification sector contributed 33.6% of total revenues, driven by early investments in interest-based education for older adults.
Strong Cash Flow
The company maintained strong cash flow from operating activities, allowing flexibility in strategic adjustments and risk management.
---
Sunlands Online Education Group (STG) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
---
STG Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 22, 2024
$6.60
$6.51
-1.36%
Aug 16, 2024
$10.00
$10.62
+6.20%
May 24, 2024
$9.40
$8.98
-4.47%
Mar 22, 2024
$9.65
$9.90
+2.59%
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.
---
FAQ
When does Sunlands Online Education Group (STG) report earnings?
Sunlands Online Education Group (STG) is schdueled to report earning on Mar 21, 2025, TBA Not Confirmed.
What is Sunlands Online Education Group (STG) earnings time?
Sunlands Online Education Group (STG) earnings time is at Mar 21, 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.