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EDU

New Oriental Education

$65.91

1.755 (2.74%)

05:39
01/22/19
01/22
05:39
01/22/19
05:39

New Oriental Education reports Q2 adj. EPS 14c, consensus 1c

Reports Q2 revenue $597.1M, consensus $577.97M. Chenggang Zhou, New Oriental's CEO, commented, "As we execute our well-proven 'Optimize the Market' strategy', we continued to progress our capacity expansion plan in this quarter. We added a net of 24 learning centers in existing cities, and opened a new training school in the city of Jinhua. Altogether, this increased the total square meters of classroom area by approximately 30% year-over-year and 5% quarter-over-quarter by the end of this quarter. At the same time, we continued to refine and leverage our online and offline integrated standardized teaching system for the K-12 business across the nation, and particularly in some of the larger cities for our overseas test preparation business. Starting from the fiscal year 2019, we initiated a pilot program to standardize teaching content and methodology in the U-Can middle and high school tutoring business, which has started to bear fruit as we achieved a remarkable increase of customer retention. As we develop best practices gradually, we will begin to roll out the pilot program in our online and offline K-12 tutoring business to further improve teaching quality. We believe this will in turn boost our competitive advantages as we offer the best learning experience to our students. Moreover, we continued to make strategic investments in our dual-teacher model classes and new initiatives for K-12 tutoring on our pure online education platform, Koolearn.com, which is expected to see increasing demand in cities of lower tiers and in remote areas."

  • 22

    Jan

EDU New Oriental Education
$65.91

1.755 (2.74%)

10/24/18
BNCH
10/24/18
NO CHANGE
Target $80
BNCH
Buy
New Oriental Education price target lowered to $80 from $105 at Benchmark
Benchmark analyst Fawne Jiang noted New Oriental Education reported mixed Q1, with better than expected revenue and an earnings shortfall caused mainly by higher operating expenses and online investments. She anticipates New Oriental will likely face near-term margin pressure due to costs associated with regulatory changes and ongoing investments and lowered her price target to $80 from $105, but keeps a Buy rating on the shares as Jiang remains positive on its top-line growth.
11/01/18
DBAB
11/01/18
DOWNGRADE
Target $55
DBAB
Hold
New Oriental Education downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Tallan Zhou downgraded New Oriental Education to Hold and lowered his price target for the shares to $55 from $105. The analyst expects "lingering margin pressure" following last week's Q1 results.
11/01/18
11/01/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pfizer (PFE) downgraded to Market Perform from Outperform at BMO Capital with analyst Alex Arfaei saying he maintains a positive view on the company longer-term but sees valuation at current levels reflecting its risk-reward profile. 2. Encana (ECA) downgraded to Underperformer from Neutral at CIBC. 3. New Oriental Education (EDU) downgraded to Hold from Buy at Deutsche Bank with analyst Tallan Zhou saying he expects "lingering margin pressure" following Q1 results. 4. Autoliv (ALV) downgraded to Neutral from Buy at Longbow with analyst Anthony Deem saying he sees the company's revenue growth being "very solid" through 2020 in mid-to-high single digit percentage territory, but he is less confident in positive operating leverage due to incremental cost overruns associated with new launches. 5. Aegion (AEGN) downgraded to Hold from Buy at Canaccord with analyst Chip Moore saying the company is a well positioned pipeline infrastructure play that is poised to benefit from attractive secular drivers longer-term, but the risk/reward is balanced at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/18
JPMS
11/12/18
NO CHANGE
Target $48
JPMS
Overweight
Chinese education sector selloff unwarranted, says JPMorgan
The results reported mid-year in the Chinese education sector have not deteriorated sufficiently to warrant the share price performance, JPMorgan analyst Leon Chik tells investors in a research note. The analyst points out that the average education company under his coverage is down 25%-30% since the end of May. He believes this may be due to greater uncertainty over the future due to a slowing economy and an increase in government regulations. New regulations provide short term challenges but help speed up market consolidation as larger operators can cope with changes better, Chik tells investors in a research note. The analyst's top after school tutorial picks are TAL Education (TAL) and New Oriental Education (EDU). He also has an Overweight rating on Bright Scholar Education (BEDU). Chik lowered his price target for TAL to $48 from $58, for New Oriental to $85 from $98 and for Bright Scholar to $15 from $20.

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