New Oriental Education: Q2 Earnings Insights

Shares of New Oriental Education EDU rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 19.44% year over year to $0.43, which beat the estimate of $0.34.

Revenue of $887,689,000 up by 13.05% from the same period last year, which beat the estimate of $885,600,000.

Outlook

Q3 revenue expected between $1,099,000,000 and $1,145,000,000.

Details Of The Call

Date: Jan 22, 2021

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/vyqqbpdm

Recent Stock Performance

52-week high: $187.43

Company's 52-week low was at $102.01

Price action over last quarter: Up 11.80%

Company Overview

EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.