New Oriental Education & Technology Reports Outstanding Earnings, Revenues Exceed Expectations
April 21, 2023
Trending News ☀️
Non-GAAP earnings per share of $0.56 beat expectations by $0.30. Revenue of $754.15M also exceeded forecasts by $38.62M. The company also offers online educational programs, test preparation and other educational services such as language training, professional development courses and corporate training. In addition, the company operates several schools, including the New ($NYSE:EDU) Oriental Foreign Language Institute, Middle School and High School, which offer traditional education programs with a focus on language learning.
Market Price
New Oriental Education & Technology reported outstanding earnings on Wednesday, with their stock opening at $39.5 and closing at $42.7, a 9.0% increase from the previous closing price of 39.2. This marked a major surge in the stock and far exceeded most analysts’ expectations. The company’s revenues were likewise impressive and drove the stock to unprecedented highs. The strong earnings and revenue suggest that New Oriental Education & Technology will remain a leader in the industry for the foreseeable future.
Investors are likely to remain confident in its stock and the company’s future outlook. The company is one of the top educational and technology providers in the world and its continued success is a testament to its commitment to excellence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EDU. More…
| Total Revenues | Net Income | Net Margin |
| 2.66k | -40.92 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EDU. More…
| Operations | Investing | Financing |
| -855.01 | 562.1 | -216.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EDU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.16k | 2.29k | 21.81 |
Key Ratios Snapshot
Some of the financial key ratios for EDU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.8% | -57.3% | -0.4% |
| FCF Margin | ROE | ROA |
| -37.8% | -0.2% | -0.1% |
Analysis
GoodWhale has conducted an analysis of NEW ORIENTAL EDUCATION & TECHNOLOGY’s fundamentals using our star chart method. Our assessment shows that the company is strong in asset, medium in profitability and weak in dividend and growth. We have classified this company as an ‘elephant’, which means that it is rich in assets after deducting off its liabilities. Considering the health score of 8/10, which takes into account its cashflows and debt, we conclude that NEW ORIENTAL EDUCATION & TECHNOLOGY is capable of paying off its debt and funding future operations. Thus, investors who are looking for a strong asset-rich company might be interested in NEW ORIENTAL EDUCATION & TECHNOLOGY. More…
Summary
The company reported Non-GAAP earnings per share of $0.56, which beat the analyst consensus estimate by $0.30. The stock price rose on the news, indicating investors were pleased with the results. The company’s strong performance was driven by increased demand for online education services due to the pandemic, as well as an increase in the number of students enrolled in their programs. Given the current market conditions, it appears New Oriental Education & Technology Group is well-positioned to continue its strong performance in the coming quarters.
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