New Oriental Education & Technology Group Inc. (NYSE:EDU) will hold its Q2 2025 Earnings Conference Call on January 21, 2025, at 8:00 AM ET. The call will feature company representatives, including Sisi Zhao, the Investor Relations Director, and Stephen Yang, the Executive President and CFO. Currently, all participants are in listen-only mode.
A successful portfolio manager with many years of experience is drawing attention to a for-profit education stock during the recent rally in the Chinese market. This highlights the potential opportunities in that sector.
New Oriental (EDU) saw an increase in its share price during the last trading session, with trading volume higher than usual. However, the recent changes in earnings estimates for the stock do not indicate that this upward trend will continue in the future.
New Oriental (EDU) has announced a special cash dividend of around $100 million for its common shareholders and ADS holders.
New Oriental Education & Technology Group Inc. (NYSE:EDU) will hold its Q4 2024 Earnings Conference Call on July 31, 2024, at 8:00 AM ET. The call will feature company representatives, including Sisi Zhao from Investor Relations and Stephen Yang, the Executive President and CFO. Participants from various financial institutions will also be present, but currently, everyone is in listen-only mode.
New Oriental Education is likely to deliver a Q4 FY 2024 results beat, thanks to faster-than-expected learning center expansion, lower-than-expected marketing costs, and positive operating leverage. New Oriental Education is attractively valued at a PEG multiple of 0.74 times. My rating for EDU stock is revised to a Buy, considering the stock's current valuations and its fourth quarter results preview.
New Oriental Education & Technology Group Inc. (EDU) Q2 2024 Earnings Call Transcript
New Oriental's (EDU) fiscal second-quarter 2024 results are likely to reflect growth in demand for its global test preparation business, along with increased number of schools and learning centers.
One of the major developments stemming from the Covid-19 crisis was the digitalization of myriad in-person functionalities, which may carry significant implications for remote learning stocks. While the underlying practice has been available for some time, the pandemic pushed the narrative to the forefront.
New Oriental's stock has surged 181% this year due to the recovery in China's education and domestic travel market. The company has successfully navigated regulatory changes and is poised to benefit from industry consolidation. New Oriental is expanding into the booming study abroad and overseas education market, as well as the senior tourism market.