* New Oriental Education & Technology Group Inc reported quarterly adjusted earnings of 63 cents per share for the quarter ended in February, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of six analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 74 cents to 86 cents per share.
* Revenue rose 60.1% to $1.21 billion from a year ago; analysts expected $1.10 billion.
* New Oriental Education & Technology Group Inc's reported EPS for the quarter was 52 cents.
* The company reported quarterly net income of $87.17 million.
* New Oriental Education & Technology Group Inc shares had risen by 3.2% this quarter and gained 22.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 8.3% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "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 $102.73 This summary was machine generated from LSEG data April 24 at 01:31 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
Feb. 29 2024 0.79 0.63 Missed
Nov. 30 2023 0.29 0.29 Met
Aug. 31 2023 0.81 1.13 Beat
May. 31 2023 0.51 0.37 Missed
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