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Earnings Miss: New Oriental Education & Technology Group Inc. Missed EPS By 11% And Analysts Are Revising Their Forecasts
US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
New Oriental Education Shares Are Trading Higher Amid Overall China Strength.
New Oriental Education Shares Are Trading Higher Amid Overall China Strength.
Asian Equities Traded in the US as American Depositary Receipts Trend Higher in Friday Trading, End Week Up 3.5%
Asian equities traded in the US as American depositary receipts were trending higher Friday morning, rising 0.6% to 1,850.73 on the S&P Asia 50 ADR Index, which is poised to end the week around 3.5% h
Ambow Education GAAP EPS of $0.02, Revenue of $2.4M
New Oriental needs a new story: revenue soared in a single quarter, but the stock price dived 14% in one day
US stocks closed on April 25, Beijing time, and the New Oriental (EDU.NYSE) stock price fell nearly 14%. After the opening of the Hong Kong stock market on the same day, the intraday stock price of New Oriental-S (9901.HK) once fell by more than 16%. At the beginning of March, its US stock price once reached 98.2 US dollars/share, a record high since the “double decline”. Since then, it has been in a state of constant decline.
Citi Upgrades TAL Education on Offline Expansion, Robust Demand; Shares Rise
Express News | Citi raised the Good Future ADR rating to buy, with a target price of $21.30.
New Oriental Education & Technology Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Changes in US stocks 丨 Good Future continues to rise by more than 2% before the market, Q4 turned a year-on-year loss into a profit
Glonghui, April 26 | Good Future (TAL.US), which closed up 8.89% yesterday, continued to rise 2.25% before the market today to $13.65. According to Good Future's fourth quarter earnings report as of February 29 this year, net revenue for the fourth quarter was 429.6 million US dollars, up 60% year on year, higher than market expectations of 386.1 million US dollars; net profit attributable to the company was 27.5 million US dollars, and net loss for the same period last year was 39.4 million US dollars, turning a year-on-year loss into a profit.
BOC International: Maintaining the New Oriental-S (09901) “Buy” Rating and Lowering the Target Price to HK$89
The Zhitong Finance App learned that BOC International released a research report stating that the target price of the New Oriental-S (09901) was lowered to HK$89 without considering Oriental Selection (01797), corresponding to the price-earnings ratio of 33 and 27 times in FY2024/25 and 48% profit growth in FY2025, maintaining a “buy” rating. Due to increased investment in Oriental Selection, the Group's operating margin forecast was lowered from 14% and to 12.8%. The bank indicated that it raised revenue by 4% and 24% for the 2024/25 fiscal year, driven by Oriental Selection and the volume of cultural tourism revenue. After the quarterly results were released, the stock price closed down 14%, mainly due to profit
Changes in Hong Kong stocks | Oriental Selection (01797) rebounded more than 7%, and New Oriental increased its holdings by 1 million shares Goldman Sachs is optimistic that its gross operating margin improved in the fourth fiscal quarter
Oriental Selection (01797) rebounded by more than 7%, and fell by more than 10% yesterday. As of press release, it rose 7.27% to HK$17.12, with a turnover of HK$129 million.
Changes in US stocks | Gaotu closed up 6.67%. BOC International expects its total revenue for the first quarter to increase 32% year over year
On April 26 | GOTU.US (GOTU.US) closed up 6.67% to $6.88. According to the BOC International Research Report, Gaotu's total revenue for the first quarter of 2024 is expected to increase 32% year-on-year to 937 million yuan (RMB, same below). Compared with the previous company's guidance of 908 million yuan to 928 million yuan (up 8.4% to 31.2% year on year), education service revenue is expected to increase 31%, of which K12 will increase 33% and college student income will increase 26%.
Changes in US stocks 丨 Good Future Closes Up Nearly 9% Q4 Net Revenue Exceeds Expectations
Gronghui, April 26 | Good Future (TAL.US) closed up nearly 9% to $13.35. According to Good Future's financial report for the fourth quarter ending February 29, 2024, net revenue for the fourth quarter was US$429.6 million, up 60% year on year, higher than market expectations of US$386.1 million; adjusted earnings per ADS were 0.08 US dollars, and loss per share for the same period last year was 0.02 US dollars, which was also higher than market expectations of 0.02 US dollars.
Earnings Call Summary | TAL Education(TAL.US) Q4 2024 Earnings Conference
The following is a summary of the TAL Education Group (TAL) Q4 2024 Earnings Call Transcript:Financial Performance:TAL Education Group reported Q4 revenue of $429.6 million, an increase of 59.7% YoY.G
Citi: Maintaining the New Oriental Education (EDU.US) rating, adjusted from buy to buy rating, and adjusted the target price from $66.00 to $127.00.
Citi: Maintaining the New Oriental Education (EDU.US) rating, adjusted from buy to buy rating, and adjusted the target price from $66.00 to $127.00.
New Oriental Education Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 04/25/2024 60.72% Citigroup $66 → $127 Maintains Buy 03/28/2024 20.22% Morgan Stanley $85 → $95 Maintains
Oriental Selection (01797.HK) received 1 million additional shares from New Oriental
Glonghui, April 26 | According to the Stock Exchange's latest equity disclosure data, on April 24, 2024, Oriental Selection (01797.HK) received New Oriental Education & Technology Group Inc. increased its holdings by 1 million shares at an average price of HK$17.3879 per share on the market, involving approximately HK$17.3879 million. After the increase in holdings, the latest number of shares held by New Oriental Education & Technology Group Inc. is 587,538
Ambow Education's Strategic Turnaround in 2023
Ambow Education FY23 Rev $9.2M >AMBO
Ambow Education FY23 Rev $9.2M >AMBO