IDP Education Ltd. (AU:IEL) has released an update.
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IDP Education Ltd. anticipates a challenging year ahead with a 20-25% contraction in the international education market due to more restrictive policies in key destination countries, impacting student and IELTS volumes. However, the company expects to maintain FY24 earnings in line with FY23 through increased student placements, fee growth, and a focused cost reduction program. Despite these headwinds, IDP is confident in its long-term growth and market share expansion due to its quality-focused services and strategic investments.
For further insights into AU:IEL stock, check out TipRanks’ Stock Analysis page.
