New Oriental Education & Technology Group Inc reports results for the quarter ended in January 1 - Earnings Summary

New Oriental Education & Technology

23/10/2024 15:30

* New Oriental Education & Technology Group Inc  9901.HK 
reported
quarterly adjusted earnings of 16 cents​​ per share for the
quarter ended January 1, higher than the same quarter last year,
when the company reported EPS of 11 cents.  The mean expectation
of three analysts for the quarter was for earnings of 16 cents
per share. Wall Street expected results to range from 15 cents
to 17 cents per share.
    * Revenue rose 30.5% to $1.44 billion from a year ago;
analysts
expected $1.46 billion. 
    * New Oriental Education & Technology Group Inc's reported
EPS for
the quarter was 15 cents​.
    * The company reported quarterly net income of $245.43
million.
    * New Oriental Education & Technology Group Inc shares
had fallen
by 16.9% this quarter and lost 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the miscellaneous
educational service providers peer group is also "buy"

Wall Street's median 12-month price target for New Oriental
Education & Technology Group Inc is 75.70 
This summary was machine generated from LSEG data October 23 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2024      0.16           0.16           Met
 May. 31 2024      0.05           0.02           Missed
 Feb. 29 2024      0.08           0.06           Missed
 Nov. 30 2023      0.02           0.03           Beat