New Oriental Education & Technology Group Inc. [EDU] stock is trading at $40.04, up 3.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EDU shares have gain 14.99% over the last week, with a monthly amount glided 37.03%, and seem to be holding up well over a long-time horizon.
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On 29, December 2022, New Oriental to Report Second Quarter 2023 Financial Results on January 17, 2023. In a post published today on Yahoo Finance, 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 second quarter ended November 30, 2022, before the U.S. market opens on January 17, 2023. New Oriental’s management will host an earnings conference call at 8 AM on January 17, 2023, U.S. Eastern Time (9 PM on January 17, 2023, Beijing/Hong Kong Time). Participants can join the conference using the below options:.
From an analyst’s perspective:
Previously, CLSA upgraded its rating to Buy on October 27, 2022. On July 29, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $36.60 on the stock. Macquarie upgraded its rating to a Outperform. Macquarie downgraded its rating to a Neutral. JP Morgan upgraded its rating to Overweight for this stock on June 13, 2022, and upped its price target to $24. In a note dated June 06, 2022, UBS upgraded an Buy rating on this stock.
New Oriental Education & Technology Group Inc. [EDU] stock has fluctuated between $8.40 and $42.19 over the past year. Currently, Wall Street analysts expect the stock to reach $37.47 within the next 12 months. New Oriental Education & Technology Group Inc. [NYSE: EDU] shares were valued at $40.04 at the most recent close of the market. An investor can expect a potential drop of -6.42% based on the average EDU price forecast.
Analyzing the EDU fundamentals
New Oriental Education & Technology Group Inc. [NYSE:EDU] reported sales of 5.84 billion for the most recent quarter, which represents a drop of -38.50%. A company’s income per employee is -$174,499 while it generates $456,220 in revenue per employee. Gross Margin for this corporation currently stands at +43.51% with Operating Margin at -17.61%, Pretax Margin comes in at -33.25%, and Net Margin reading is -38.25%. To continue investigating profitability, this company’s Return on Assets is posted at -14.68, Equity is -27.56, Total Capital is -9.39, and Invested Capital is -22.05. An extended look at the Principal structure reveals enduring liabilities to the total capital of 15.51 and enduring liabilities to assets of 11.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.14 points at the first support level, and at 38.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.89, and for the 2nd resistance point, it is at 41.74.
New Oriental Education & Technology Group Inc. [EDU] reported earnings per share of $0.48 for its fiscal quarter that ended on 8/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of $0.1 and a surprise factor of 26.30%. By comparison, the stated earnings for the previous quarter ended on 5/30/2022 were -$0.94 per share as compared to estimates of -$0.44 per share, a difference of -$0.5 representing a surprise of -113.60%.
Ratios To Look Out For
For context, New Oriental Education & Technology Group Inc.’s Current Ratio is 2.60. As well, the Quick Ratio is 2.56, while the Cash Ratio is 2.45. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.62.