FY2024 EPS Estimates for QuantaSing Group Limited (NASDAQ:QSG) Decreased by Noble Financial

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QuantaSing Group Limited (NASDAQ:QSG - Free Report) - Stock analysts at Noble Financial reduced their FY2024 earnings estimates for QuantaSing Group in a research note issued on Friday, June 7th. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of $0.58 for the year, down from their previous estimate of $0.69. The consensus estimate for QuantaSing Group's current full-year earnings is $0.69 per share.

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QuantaSing Group (NASDAQ:QSG - Get Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.13). The company had revenue of $130.96 million during the quarter, compared to the consensus estimate of $123.68 million. QuantaSing Group had a net margin of 6.69% and a return on equity of 79.30%.

QuantaSing Group Price Performance

NASDAQ:QSG traded down $0.04 during trading hours on Monday, hitting $1.63. The company had a trading volume of 181,046 shares, compared to its average volume of 212,166. The company has a market capitalization of $92.08 million, a PE ratio of 2.86 and a beta of 1.07. The stock has a 50-day moving average price of $3.04 and a 200 day moving average price of $2.89. QuantaSing Group has a 52 week low of $1.41 and a 52 week high of $9.40.

Hedge Funds Weigh In On QuantaSing Group

An institutional investor recently bought a new position in QuantaSing Group stock. Boston Partners acquired a new stake in shares of QuantaSing Group Limited (NASDAQ:QSG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 98,007 shares of the company's stock, valued at approximately $401,000. Boston Partners owned 0.17% of QuantaSing Group at the end of the most recent quarter.

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About QuantaSing Group

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QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.

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