NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.

New Oriental Education & Technology Group Inc.

Equities

EDU

US6475812060

Miscellaneous Educational Service Providers

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
83.26 ^USD	+4.55%		-2.04%	+13.62%

Apr. 25	Hong Kong Shares Mark Four-Day Win on Bullish China Bets; China Overseas Land Surges 6% on Upbeat Q1	MT
Apr. 24	New Oriental Education & Technology Shares Decline Following Fiscal Q3 Results; Fiscal Q4 Revenue Outlook Issued	MT

New Oriental Education & Technology Group Inc. Provides Revenue Guidance for the Third Quarter of Fiscal Year 2024

January 24, 2024 at 06:42 am EST

New Oriental Education & Technology Group Inc. provided revenue guidance for the third quarter of fiscal year 2024. The company expects total net revenues in the third quarter of the fiscal year 2024 (December 1, 2023 to February 29, 2024) to be in the range of USD 1,070.9 million to USD 1,093.5 million, representing year over year increase in the range of 42% to 45%.

Latest news about New Oriental Education & Technology Group Inc.

Hong Kong Shares Mark Four-Day Win on Bullish China Bets; China Overseas Land Surges 6% on Upbeat Q1	Apr. 25	MT
New Oriental Education & Technology Shares Decline Following Fiscal Q3 Results; Fiscal Q4 Revenue Outlook Issued	Apr. 24	MT
Sector Update: Consumer Stocks Advance Pre-Bell Wednesday	Apr. 24	MT
New Oriental Education & Technology's Fiscal Q3 Non-GAAP Net Income, Revenue Rises; Fiscal Q4 Revenue Outlook Issued	Apr. 24	MT
Transcript : New Oriental Education & Technology Group Inc., Q3 2024 Earnings Call, Apr 24, 2024	Apr. 24
Earnings Flash (EDU) NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP Posts Q3 Revenue $1.21B	Apr. 24	MT
Earnings Flash (EDU) NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP Posts Q3 EPS $0.06	Apr. 24	MT
New Oriental Education & Technology Group Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024	Apr. 24	CI
New Oriental Education & Technology Group Inc. Provides Revenue Guidance for the Fourth Quarter Ending May 31, 2024	Apr. 24	CI
Morgan Stanley Raises Price Target on New Oriental Education & Technology to $95 From $85, Maintains Overweight Rating	Mar. 28	MT
East Buy Addresses Concerns About Braised Pork Product	Mar. 19	MT
East Buy CEO, New Oriental Pledge to Buy HK$700 Million Shares	Feb. 02	MT
New Oriental Education Posts 4,000% Income Growth in Fiscal Q2	Jan. 25	MT
East Buy's Fiscal H1 Profit Falls 57%, Misses EPS Estimates	Jan. 25	MT
New Oriental Shares Rally After Co Expands Tutoring in 2Q	Jan. 24	DJ
Transcript : New Oriental Education & Technology Group Inc., Q2 2024 Earnings Call, Jan 24, 2024	Jan. 24
New Oriental Education & Technology Group's Fiscal Q2 Non-GAAP Earnings, Revenue Climb	Jan. 24	MT
Tranche Update on New Oriental Education & Technology Group Inc.'s Equity Buyback Plan announced on July 27, 2022.	Apr. 24	CI
Earnings Flash (EDU) NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP Reports Q2 Revenue $869.6M, vs. Street Est of $811.3M	Jan. 24	MT
Earnings Flash (EDU) NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP Reports Q2 EPS $0.03, vs. Street Est of $0.28	Jan. 24	MT
New Oriental Education & Technology Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2023	Jan. 24	CI
New Oriental Education & Technology Group Inc. Provides Revenue Guidance for the Third Quarter of Fiscal Year 2024	Jan. 24	CI
Chinese Gaming Stocks Rally in Early Trading on Speculation Over Rules Changes	Jan. 23	MT
East Buy Explores Overseas Expansion With TikTok; Shares Up 7%	Jan. 22	MT
East Buy Holding Shareholders to Vote on Sale of Shares to New Oriental	Jan. 19	MT

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Company Profile

New Oriental Education & Technology Group Inc is a China-based company mainly engaged in delivering comprehensive educational programs, services and products to students through its nationwide physical network of schools, learning centers and bookstores, as well as pure-play online learning platforms. The Company primarily operates through four segments. The Educational Services and Test Preparation Courses segment mainly provides K-12 after school training (AST), test preparation, and other courses. The Online Education and Other Services segment mainly provides online education. The Overseas Study Consulting Services segment mainly provides overseas study consulting services. The Educational Materials and Distribution segment is mainly engaged in distributing and selling books and other educational materials through its distribution channels, which consist of bookstores operated by the Company and third-party distributors.

Sector

Miscellaneous Educational Service Providers

Calendar

2024-07-22 - Q4 2024 Earnings Release (Projected)

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Ratings for New Oriental Education & Technology Group Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

83.26 USD

Average target price

96.08 USD

Spread / Average Target

+15.40%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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