TAL International Group Earnings: Everything You Must Know Now

TAL International Group, Inc. (NYSE:TAL) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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TAL International Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.13% to $1.05 in the quarter versus EPS of $0.92 in the year-earlier quarter.

Revenue: Rose 12.83% to $156.08 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TAL International Group, Inc. reported adjusted EPS income of $1.05 per share. By that measure, the company met the mean analyst estimate of $1.05. It beat the average revenue estimate of $153.12 million.

Quoting Management: “TAL’s results in the first quarter of 2013 provide a solid start to what we expect will be another year of strong operating and financial performance,” commented Brian M. Sondey, President and CEO of TAL International. “In the first quarter, we achieved strong top and bottom line growth. Our leasing revenue increased 11% from the first quarter of 2012 due to the ongoing growth in our container fleet. Our Adjusted pre-tax income increased 14%, and our fleet utilization remained exceptionally strong, averaging 97.7% for the quarter.”

Key Stats (on next page)…

Revenue increased 2.82% from $151.8 million in the previous quarter. EPS increased 0.96% from $1.04 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.01 to a profit $1.11. For the current year, the average estimate has moved up from a profit of $4.10 to a profit of $4.51 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)