New Oriental Education & Technology Group Inc expected to post earnings of 5 cents a share - Earnings Preview

New Oriental Education & Technology

29/07/2024 16:40

* New Oriental Education & Technology Group Inc  9901.HK 
 is
expected to show a rise in quarterly revenue when it reports 
results on July 31 for the period ending May 31 2024
    * The Beijing-based  company is expected to report a
33.0% increase in revenue to $1.145 billion from $860.57 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for New Oriental Education &
Technology Group Inc is for earnings of 5 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 16 "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$80.34​, above​ its last
closing price of HK$56.05. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  0.08        0.08       0.06      Missed  
 Jan. 1 2024   0.02        0.02                         28.6
 Jan. 1 0001   0.08        0.08                         37.5​
 May. 31 2023              0.04       0.03      Missed  -25
 ​​Feb.                    0.02       0.06      Beat    200
 28 2023                                                
 Nov. 30 2022  0.01        0.01       0.01      Met     ​
                                      0.05              
 This summary was machine generated July 29 at 15:40 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)