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New Oriental to Report Third Quarter 2024 Financial Results on April 24, 2024
PRNewswire (Thu, 28-Mar 5:00 AM ET)
New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2023
PRNewswire (Wed, 24-Jan 6:42 AM ET)
New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.
New Oriental Education & Technology Group Sponsored ADR Representing 10 Ordinary Share (Cayman Islands) trades on the NYSE stock market under the symbol EDU.
As of April 19, 2024, EDU stock price declined to $85.45 with 117,063 million shares trading.
EDU has a beta of 1.02, meaning it tends to be more sensitive to market movements. EDU has a correlation of 0.06 to the broad based SPY ETF.
EDU has a market cap of $14.14 billion. This is considered a Large Cap stock.
Last quarter New Oriental Education & Technology Group Sponsored ADR Representing 10 Ordinary Share (Cayman Islands) reported $870 million in Revenue and $.29 earnings per share. This beat revenue expectation by $56 million and met earnings estimates .
In the last 3 years, EDU stock traded as high as $168.80 and as low as $8.40.
The top ETF exchange traded funds that EDU belongs to (by Net Assets): FPXI, PGJ, FTLS, AVEM, AADR.
EDU has outperformed the market in the last year with a price return of +118.1% while the SPY ETF gained +22.0%. EDU has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.3% and +0.2%, respectively, while the SPY returned +5.0% and -2.8%, respectively.
EDU support price is $85.22 and resistance is $88.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EDU stock will trade within this expected range on the day.