M N 25 Apr 2024 CMB International Global Markets | Equity Research | Company Update New Oriental (EDU US) Accelerating capacity expansion to address robust demand Target Price US$102.50 New Oriental announced 3QFY24 financial results: total net revenue grew by (Previous TP US$104.50) 60.1% YoY to US$1,207mn, 10% ahead of consensus estimate (US$1,098mn); Up/Downside 33.0% non-GAAP net income was up by 9.8% YoY to US$105mn but below consensus Current Price US$77.08 estimate of US$132mn, mainly due to the inve ...

New Oriental Education & Technology Group Inc. (NYSE:EDU) Q3 2024 Earnings Conference Call April 24, 2024 8:00 AM ET Company Participants Sisi Zhao - IR Stephen Yang - Executive President and CFO Conference Call Participants Felix Liu - UBS Yiwen Zhang - China Renaissance Lucy Yu - Bank of America Tian Hou - T.H. Capital Timothy Zhao - Goldman Sachs Chongguang - CITIC DS Kim - JPMorgan Operator Good evening and thank you for standing-by for New Oriental's FY 2024 Third Quarter Results Earnings Conference Ca ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Exhibit 99.1 New Oriental Announces Results for the Third Fiscal Quarter Ended February 29, 2024 BEIJING, April 24, 2024 /PRNewswire/ – New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 29, 2024, which is the third quarter of New Oriental’s fiscal year 2024. Financial Highlights for the Third Fiscal Quarter End ...

BEIJING, April 24, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 29, 2024, which is the third quarter of New Oriental's fiscal year 2024. Financial Highlights for the Third Fiscal Quarter Ended February 29, 2024 Total net revenues increased by 60.1% year over year to US$1,207.3 million ...

BEIJING, March 28, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the third quarter ended February 29, 2024, before the U.S. market opens on April 24, 2024. New Oriental's management will host an earnings conference call at 8 AM on April 24, 2024, U.S. Eastern Time (8 PM on April 24, 2024, Beijing/Hong Kong Time).  ...

New Oriental Education & Technology Group Inc. (NYSE:EDU) Q2 2024 Earnings Conference Call January 24, 2024 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 Timothy Zhao - Goldman Sachs Tian Hou - T.H. Capital Candice Chen - Daiwa Operator Good evening and thank you for standing by for New Oriental's FY 2024 Second Quar ...

BEIJING, Jan. 24, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the second fiscal quarter ended November 30, 2023, which is the second quarter of New Oriental's fiscal year 2024. Financial Highlights for the Second Fiscal Quarter Ended November 30, 2023 Total net revenues increased by 36.3% year over year to US$869.6 million ...

Exhibit 99.1 New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2023 BEIJING, Jan. 24, 2024 /PRNewswire/ – New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the second fiscal quarter ended November 30, 2023, which is the second quarter of New Oriental’s fiscal year 2024. Financial Highlights for the Second Fiscal Quarter ...

New Oriental Education & Technology Group Inc. (EDU) is slated to report second-quarter fiscal 2024 results on Jan 24, before market open.In the last reported quarter, net revenues topped the Zacks Consensus Estimate by 10.2%. Moreover, its earnings and net revenues grew 135.4% and 47.7%, respectively, on a year-over-year basis.How are Estimates Placed?The Zacks Consensus Estimate for fiscal second-quarter 2024 earnings per share has remained unchanged at 27 cents over the past 60 days. The current estimate ...