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New Oriental Education & Technology (EDU)
NYSE:EDU
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.32Last Year’s EPS
$0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -8.73%
|Next Earnings Date:Jan 28, 2025
Earnings Call Sentiment|Positive
The earnings call indicates a positive outlook for New Oriental, marked by strong revenue and margin improvements, and successful new educational initiatives. However, challenges such as increased operating costs and expected losses in the tourism business present potential hurdles.Company Guidance
During the earnings call for New Oriental's fiscal Q1 2025, guidance was provided indicating a robust outlook across various business segments. The company anticipates a 25% to 28% year-over-year increase in total net revenues, excluding East Buy, for Q2 2025. They plan a 20% to 25% capacity expansion in the fiscal year, focusing on cities with strong performance. New educational initiatives are expected to grow over 50%, contributing significantly to the company's trajectory. The operating margin is expected to expand for the fiscal year, although Q2 may experience seasonal pressure. In alignment with capacity growth, New Oriental aims for a 30% year-over-year revenue increase by year-end, bolstered by strategic investments in educational and tourism-related ventures.Strong Revenue Growth
The company reported a top line growth of 30.5% this quarter, with total net revenues excluding East Buy increasing by 33.5% year-over-year.
Operating Margin Improvement
The operating margin and non-GAAP operating margin reached 23.7% and 24.4%, respectively, marking a 370 and 220 basis point improvement year-over-year.
New Educational Initiatives Success
New educational business initiatives recorded a revenue increase of 50% year-over-year, with the study tour and research camp business achieving a 221% increase in revenue year-over-year.
Financial Stability
The company maintains a healthy financial status with cash and cash equivalents totaling approximately $4.9 billion.
Share Repurchase Program
The company's Board of Directors approved to extend the share repurchase program and increase the aggregate value of shares authorized for repurchase to $700 million.
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EDU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EDU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $67.13 | $61.48 | -8.42% |
| Jul 31, 2024 | $68.59 | $62.22 | -9.29% |
| Apr 24, 2024 | $88.74 | $76.34 | -13.97% |
| Jan 24, 2024 | $71.30 | $75.43 | +5.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Oriental Education & Technology (EDU) report earnings?
New Oriental Education & Technology (EDU) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is New Oriental Education & Technology (EDU) earnings time?
New Oriental Education & Technology (EDU) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EDU EPS forecast?
EDU EPS forecast for the fiscal quarter 2025 (Q2) is $0.32.
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