• New Oriental Education & Technology Group Inc EDU.N reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended November 30, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of six analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 21 cents to 37 cents per share.

• Revenue rose 19.4% to $1.04 billion from a year ago; analysts expected $1.01 billion.

• New Oriental Education & Technology Group Inc's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $31.93 million.

• New Oriental Education & Technology Group Inc shares had fallen by 5.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "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 $85.50

This summary was machine generated from LSEG data January 21 at 02:31 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)