EDU: Growth Driven By Steady Expansion and Growth Of K-12 Course Offerings; Maintain BUY & Raise PT
EDU will report FY1Q20 results on October 22nd before the markets open with an 8am EST conference call. We are positive on EDU into FY1Q20 earnings. During the quarter, we saw steady expansion in both physical locations as well as dual-teacher model, which is likely to lead to high growth in course offerings as well as attendees. In addition, fewer discounts in summer promotional courses are likely to lead to better margins.