• New Oriental Education & Technology Group Inc EDU.N reported quarterly adjusted earnings of 70 cents​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of seven analysts for the quarter was for earnings of 72 cents per share. Wall Street expected results to range from 63 cents to 79 cents per share.

• Revenue fell 2% to $1.18 billion from a year ago; analysts expected $1.21 billion.

• New Oriental Education & Technology Group Inc's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $364.62 million.

• New Oriental Education & Technology Group Inc shares had fallen by 7.2% this quarter and lost 30.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 4 "hold" and 1 "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 $65.64

This summary was machine generated from LSEG data April 23 at 01:30 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)