* New Oriental Education & Technology Group Inc 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