- Adjusted earnings per American depositary receipts (ADS) were 22 cents; the estimate was 38 cents.
- Operating income totaled $10.5 million; the estimate was $34.5 million.
- Capital expenditure reached $27.4 million.
- Adjusted operating margin was 3.2%; the estimate was 6.06%.
- General and administrative expenses amounted to $375.5 million; the estimate was $344.8 million.
- Net revenue was $1.14 billion, matching the estimate of $1.14 billion.
- Investor ratings showed 27 buys, 3 holds, and 0 sells.
New Oriental Education & Techn on Smartkarma
Analyst coverage on New Oriental Education & Techn on Smartkarma by Steve Zhou, CFA, discusses the recent development in China’s tutoring sector. In his report titled “EDU/TAL: China Tutoring – Here Comes The Policy Tailwind,” Zhou highlights the Ministry of Education’s issuance of a new draft regulation on K12 tutoring in China. The clarity provided by this regulation has alleviated investor concerns, indicating an equilibrium being reached among all parties in the tutoring sector. This concrete policy direction is expected to positively impact companies like New Oriental Education & Techn (EDU US) and China Beststudy, boosting investor confidence in the sector.
A look at New Oriental Education & Techn Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts evaluating the long-term potential of New Oriental Education & Technology Group, Inc. have provided Smart Scores indicating various aspects of the company’s outlook. With a resilience score of 5, New Oriental Education & Technology Group is seen as a highly robust company capable of weathering economic uncertainties. This resilience factor suggests a strong ability to adapt and thrive in challenging environments.
Furthermore, the growth score of 3 indicates a positive trajectory for the company’s future expansion and development. Coupled with a momentum score of 3, which reflects the company’s current positive momentum in the market, New Oriental Education & Technology Group shows promise for continued growth and performance. While the dividend score of 1 may indicate a lower dividend yield, the overall outlook remains favorable for investors considering the company’s potential for value and growth.
### Summary:
New Oriental Education & Technology Group, Inc. provides a range of educational services including foreign language training, test preparation courses, and primary and secondary school education. Additionally, the company is involved in software development, offering a diverse portfolio of educational solutions. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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