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EDU

New Oriental Education

$90.42

0.41 (0.46%)

05:30
04/23/19
04/23
05:30
04/23/19
05:30

New Oriental Education reports Q3 EPS 69c, consensus 69c

Reports Q3 revenue $796.7M, consensus $783.99M. Total student enrollments in academic subjects tutoring and test preparation courses increased by 82.3% year-over-year to approximately 1,570,600 for Q3. The total number of schools and learning centers was 1,164 as of February 28, 2019, an increase of 164 compared to 1,000 as of February 28, 2018, and an increase of 39 compared to 1,125 as of November 30, 2018. The total number of schools was 92 as of February 28, 2019. Michael Minhong Yu, New Oriental's Executive Chairman, commented, "We are pleased to see continued acceleration of growth momentum in Q3 and to achieve a top line growth of 28.9%, or 36.1% if computed in Renminbi. Our key growth driver, the K-12 after-school tutoring business, achieved a year-over-year revenue growth of approximately 38%, or 46% if computed in Renminbi. Furthermore, our U-Can middle and high school all-subjects after-school tutoring business grew by approximately 37%, or 44% if computed in Renminbi, and our POP Kids program achieved a growth of approximately 41%, or 49% if computed in Renminbi. We are confident and well-placed to continue to expand our market share in the long term through our ceaseless efforts in improving teaching quality and enhancing learning experience for our students."

  • 23

    Apr

EDU New Oriental Education
$90.42

0.41 (0.46%)

03/25/19
03/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Regions Financial (RF) upgraded to Buy from Hold at Sandler O'Neill with analyst Stephen Scouten saying he does not believe there is more than 3%-5% of potential downside to 2021 numbers if there are not a couple of Fed rate reductions in 2020. 2. TAL Education (TAL) and New Oriental Education (EDU) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. First Bancorp (FBNC) and MidSouth Bancorp (MSL) upgraded to Buy from Hold at Sandler O'Neill. 4. Lexicon (LXRX) upgraded to Hold from Sell at Gabelli with analyst Kevin Kedra citing the company's announcement that the FDA had issued a complete response letter for sotagliflozin to treat type 1 diabetes, consistent with his expectations. 5. Hibbett Sports (HIBB) upgraded to Positive from Neutral at Susquehanna. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/19
THCP
04/11/19
NO CHANGE
Target $115
THCP
Buy
New Oriental Education price target raised to $115 from $80 at TH Data Capital
TH Data Capital analyst Tian Hou raised his price target for New Oriental Education to $115 from $80 ahead of the company's fiscal Q3 results on April 23. New Oriental's Q3 revenue is likely to be better than consensus, Hou tells investors in a pre-earnings research note, citing his firm's data and analysis. The current major risk for education companies is government regulations, specifically for online education, as regulations for offline occurred in 2018, says the analyst. However, Hou expects demand for off-school education to "remain strong," whatever the policies may be. He maintains a Buy rating on New Oriental Education.
04/12/19
NOMU
04/12/19
NO CHANGE
Target $105
NOMU
Buy
New Oriental Education price target raised to $105 from $100 at Nomura Instinet
Nomura Instinet analyst Carson Lo raised his price target for New Oriental Education to $105 from $100 ahead of the company's fiscal Q3 results on April 23. The analyst looks for 28% year-over-year revenue growth and keeps a Buy rating on the shares.
04/16/19
DBAB
04/16/19
UPGRADE
DBAB
Buy
New Oriental Education upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Tallan Zhou upgraded New Oriental Education to Buy from Hold.

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