New Oriental Education put volume heavy and directionally bearish » 10:5505/1305/13/21
Bearish flow noted in New…
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New Oriental Education put volume heavy and directionally bearish » 12:3505/1205/12/21
Bearish flow noted in New…
Bearish flow noted in New Oriental Education with 10,182 puts trading, or 12x expected. Most active are Jun-21 12.5 puts and Jul-21 13 puts, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 5.09, while ATM IV is up nearly 4 points on the day. Earnings are expected on July 27th.
|Over a week ago|
New Oriental Education call volume above normal and directionally bullish » 15:2504/3004/30/21
Bullish option flow…
Bullish option flow detected in New Oriental Education with 7,767 calls trading, 2.0x expected, and implied vol increasing over 1 point to 38.73%. May-21 17.5 calls and May-21 12.5 puts are the most active options, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 0.15. Earnings are expected on July 27th.
New Oriental Education put volume heavy and directionally bearish » 12:5504/2904/29/21
Bearish flow noted in New…
Bearish flow noted in New Oriental Education with 1,703 puts trading, or 1.3x expected. Most active are May-21 15 puts and May-21 12.5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 4.95, while ATM IV is up over 1 point on the day. Earnings are expected on July 27th.
New Oriental price target raised to $20.10 from $18.60 at Goldman Sachs » 09:3804/2704/27/21
Goldman Sachs analyst…
Goldman Sachs analyst Christine Cho raised the firm's price target on New Oriental Education to $20.10 from $18.60 and keeps a Conviction Buy rating on the shares. The analyst has higher confidence on the company's mid-term online merging offline sales contribution following its fiscal Q3 results. This couples with a "solid offline recovery path," Cho tells investors in a research note.
TAL Education price target lowered to $78 from $95 at Benchmark » 07:1804/2304/23/21
Benchmark analyst Fawne…
Benchmark analyst Fawne Jiang lowered the firm's price target on TAL Education (TAL) to $78 from $95 and keeps a Buy rating on the shares. Jiang expects TAL's margin pressure to persist given ongoing investment in online education, and while history suggests that top players like TAL and New Oriental Education (EDU) have opportunities to emerge stronger post regulation, China's government seeming to be set for another round of regulatory tightening could remain a near term overhang for the space, the analyst said in a post-earnings note to investors.
New Oriental Education price target raised to $21.50 from $19.80 at Citi » 06:2404/2104/21/21
Citi analyst Mark Li…
Citi analyst Mark Li raised the firm's price target on New Oriental Education to $21.50 from $19.80 and keeps a Buy rating on the shares following the fiscal Q3 results. The analyst says New Oriental is her top pick in the after-school tutoring segment, given its K12 offline outperformance, OMO synergies, and potential overseas test-prep recovery.
New Oriental Education rises 6.7% » 09:4704/2004/20/21
New Oriental Education is…
New Oriental Education is up 6.7%, or $1.02 to $16.20.
New Oriental Education reports Q3 EPS 10c, consensus 7c » 05:2604/2004/20/21
Reports Q3 revenue…
Reports Q3 revenue $1.19B, consensus $1.14B. Total student enrollments in academic subjects tutoring and test preparation courses increased by 43% year-over-year to approximately 2,296,800 for Q3. The total number of schools and learning centers was 1,625 as of February 28, an increase of 209 compared to 1,416 as of February 29, 2020, and an increase of 107 compared to 1,518 as of November 30, 2020. The total number of schools was 118 as of February 28. Michael Yu, New Oriental's executive chairman, commented, "We are pleased to see continued strong recovery of businesses for the third quarter despite the challenges from a small wave of Covid-19 outbreak in around 20 cities in north China where we responded swiftly and migrated offline classes to online using our OMO system during the winter. Net revenue for the third quarter exceeded our expectation, up 29.0% year over year. Our key growth driver, K-12 all-subjects after-school tutoring business, achieved year-over-year revenue growth of approximately 37%. U-Can middle and high school all-subjects after-school tutoring business grew by approximately 35%, while our POP Kids program recorded a growth of approximately 40%. Overseas related businesses are still under pressure due to the uncertainty of the pandemic situation and travel restrictions around the globe. The overseas test preparation business declined by approximately 12%, while the overseas consulting and study tour business increased by 11%, respectively. Looking ahead, we believe our business will trend toward a normalized level in the coming quarters after seeing the underlying demand for after-school tutoring picking up rapidly as the pandemic situation was well controlled nationwide. As one of the market leaders in China, we are confident that our exceptional products and services, as well as our constantly enhanced learning experience would enable us to gain market share and deliver long-term value for our shareholders."
New Oriental Education transferred with an Outperform at CLSA » 06:4804/1504/15/21
CLSA analyst Jeffrey Chan…
CLSA analyst Jeffrey Chan took over coverage of New Oriental Education with an Outperform rating and $18.70 price target. He believe the stock's multiple will stay elevated in the near-term as China continues to restart offline after-school tutoring operations, Chan tells investors.