New Oriental Education & Technology Group Inc. provided unaudited earnings guidance for the six months ended November 30, 2021. Based on management's preliminary assessment of group's financial performance for the six months ended November 30, 2021 (the "Reporting Period"), the company anticipates that group will record a net loss of between USD 800 million to USD 900 million over the Reporting Period, compared with a net profit of USD 228.6 million for the six months ended November 30, 2020. This anticipated loss is primarily due to the substantial adverse impact on revenues as a result of the Business Cessation and the Additional Costs incurred over the Reporting Period.
New Oriental Education & Technology Group Inc.
Equities
EDU
US6475812060
Miscellaneous Educational Service Providers
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
88.96 USD | +1.21% | +4.49% | +21.92% |
Mar. 28 | Morgan Stanley Raises Price Target on New Oriental Education & Technology to $95 From $85, Maintains Overweight Rating | MT |
Mar. 19 | East Buy Addresses Concerns About Braised Pork Product | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+21.92% | 14.55B | |
-3.72% | 7.63B | |
-1.69% | 3.81B | |
-1.50% | 2.46B | |
+7.57% | 2.41B | |
+3.43% | 2.24B | |
-20.79% | 1.84B | |
+92.13% | 1.68B | |
-42.24% | 1.41B | |
-10.44% | 1.4B |
- Stock Market
- Equities
- EDU Stock
- News New Oriental Education & Technology Group Inc.
- New Oriental Education & Technology Group Inc. Provides Unaudited Earnings Guidance for the Six Months Ended November 30, 2021