Profile
Sector:
Consumer DefensiveIndustry:
Education & Training ServicesCountry:
ChinaIPO:
15 September 2006Website:
http://www.neworiental.orgNext earnings report:
24 January 2025Last dividends:
09 September 2024Next dividends:
N/APrice
after hours | Fri, 25 Oct 2024 23:44:38 GMTAnalysts recommendations
Institutional Ownership
EDU Latest News
Here's why a portfolio manager with decades of success is highlighting a for-profit education stock amid China market rally
New Oriental (EDU) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
New Oriental (EDU) declares a special cash dividend of approximately $100 million for common shareholders and ADS holders.
New Oriental Education & Technology Group Inc. (NYSE:EDU ) Q4 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Sisi Zhao - Investor Relations Stephen Yang - Executive President and Chief Financial Officer Conference Call Participants Alice Cai - Citigroup Yiwen Zhang - China Renaissance Felix Liu - UBS Lucy Yu - Bank of America Merrill Lynch Timothy Zhao - Goldman Sachs Charlotte Wei - HSBC Liping Zhao - CICC DS Kim - JPMorgan Operator Good evening, and thank you for standing by for New Oriental's Full-Year 2024 Fourth Quarter Results Earnings Conference Call. At this time, all participants are 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.
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.
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. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China. The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, it offers online education services through the Koolearn.com platform. Further, the company develops and edits educational materials for language training and test preparation. In addition, it offers educational programs, services, and products to students through schools; learning centers; and 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 was New Oriental Education & Technology the previous earnings report?
No data
When does New Oriental Education & Technology earnings report?
The next expected earnings date for New Oriental Education & Technology is 24 January 2025