New Oriental Education & Technology Group Inc. reports results for the quarter ended August 31 - Earnings Summary

• New Oriental Education & Technology Group Inc. 9901.HK reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of two analysts for the quarter was for earnings of 19 cents per share.

• Revenue rose 23.1% to $1.87 billion from a year ago; analysts expected $1.86 billion.

• The company reported quarterly net income of $273.16 million.

• New Oriental Education & Technology Group Inc. shares had risen by 7.5% this quarter and gained 9.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 1 "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 HK$59.50, about 28.1% above its last closing price of HK$42.76

This summary was machine generated from LSEG data October 28 at 02:30 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)