Profile
Sector:
Consumer DefensiveIndustry:
Education & Training ServicesCountry:
ChinaIPO:
15 September 2006Website:
http://www.neworiental.orgNext earnings report:
26 July 2024Last dividends:
01 September 2017Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:04:01 GMTDividend
Analysts recommendations
Institutional Ownership
EDU Latest News
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.
New Oriental (EDU) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
New Oriental (EDU) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Does New Oriental Education (EDU) have what it takes to be a top stock pick for momentum investors? Let's find out.
The mean of analysts' price targets for New Oriental (EDU) points to a 28.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
New Oriental Education & Technology Group Inc. (NYSE:EDU ) Q4 2023 Earnings Conference Call July 26, 2023 8:00 AM ET Company Participants Sisi Zhao - Investor Relations Stephen Yang - Executive President and Chief Financial Officer Conference Call Participants Felix Liu - UBS Yiwen Zhang - China Renaissance Lucy Yu - Bank of America Securities Candis Chan - Daiwa Tony Wang - CICC Operator Good evening and thank you for standing by for New Oriental's FY 2023 Fourth Quarter Results Earnings Conference Call. After management's prepared remarks, there will be a question-and-answer session.
New Oriental Education's top line growth outlook is favorable, thanks to the success of EDU's livestreaming e-commerce business and the recovery of its overseas businesses. But EDU could have done better in terms of utilizing share repurchases as a tool to tackle the issue of its stock's undervaluation. My rating for New Oriental Education is a Hold; EDU's revenue growth prospects are good, but I am disappointed with the company's approach toward share buybacks.
What type of business is New Oriental Education & Technology?
New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2021, it offered educational programs, services, and products to students through a network of 122 schools, 1,547 learning centers, and 11 bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.
What sector is New Oriental Education & Technology in?
New Oriental Education & Technology is in the Consumer Defensive sector
What industry is New Oriental Education & Technology in?
New Oriental Education & Technology is in the Education & Training Services industry
What country is New Oriental Education & Technology from?
New Oriental Education & Technology is headquartered in China
When did New Oriental Education & Technology go public?
New Oriental Education & Technology initial public offering (IPO) was on 15 September 2006
What is New Oriental Education & Technology website?
https://www.neworiental.org
Is New Oriental Education & Technology in the S&P 500?
No, New Oriental Education & Technology is not included in the S&P 500 index
Is New Oriental Education & Technology in the NASDAQ 100?
No, New Oriental Education & Technology is not included in the NASDAQ 100 index
Is New Oriental Education & Technology in the Dow Jones?
No, New Oriental Education & Technology is not included in the Dow Jones index
When does New Oriental Education & Technology report earnings?
The next expected earnings date for New Oriental Education & Technology is 26 July 2024