New Oriental Education & Technology Group Inc expected to post earnings of 16 cents a share - Earnings Preview

New Oriental Education & Technology

21/10/2024 17:10

* New Oriental Education & Technology Group Inc  9901.HK 
 is
expected to show a rise in quarterly revenue when it reports 
results on October 23 for the period ending August 31 2024
    * The Beijing-based  company is expected to report a
32.8% increase in revenue to $1.461 billion from $1.1 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for New Oriental Education &
Technology Group Inc is for earnings of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for New
Oriental
Education & Technology Group Inc is HK$75.70​, above​ its last
closing price of HK$53.15. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.04        0.05       0.02      Missed  -55.6
 Feb. 29 0001  0.08        0.08       0.06      Missed  -20
 Nov. 30 2023  0.02        0.02       0.03      Beat    28.6​
 Aug. 31 2023  0.08        0.08       0.11      Beat    37.5
 ​​May.        0.06        0.04       0.03      Missed  -25
 31 2023                                                
 Feb. 28 2023  0.02        0.02       0.06      Beat    200​
 Jan. 1 0001   0.01        0.01       0.01      Met     0
                                      0.05              
 This summary was machine generated October 21 at 16:10 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)