New Oriental Education & Technology Group Inc expected to post earnings of 2 cents a share - Earnings Preview

Reuters
01-17
New Oriental Education & Technology Group Inc <9901.HK> expected to post earnings of 2 cents a share - Earnings Preview
  • New Oriental Education & Technology Group Inc 9901.HK is expected to show a rise in quarterly revenue when it reports results on January 21 for the period ending November 30 2024

  • The Beijing-based company is expected to report a 21.2% increase in revenue to $1.054 billion from $869.6 million 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 2 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$68.90​, above​ its last closing price of HK$46.00. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Aug. 31 2024

0.15

0.16

0.16

Met

0

May. 31 2024

0.04

0.05

0.02

Missed

-55.6

Feb. 29 2024

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. 31 2023

0.06

0.04

0.03

Missed

-25​

Feb. 28 2023

0.02

0.02

0.06

Beat

200

Nov. 30 2022

0.01

0.01

0.01

Met

0

This summary was machine generated January 17 at 13:33 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)

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