New Oriental Education & Technology Group Inc. [NYSE: EDU] will report earnings after markets close on Friday, January 22nd.
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EDU Earnings Forecast For The Current Quarter
New Oriental Education & Technology Group Inc. [EDU] is expected to report weak earnings results for the quarter ending in Nov 2020. Consensus estimates give the company expected revenues of $885.6M and earnings per share of $0.34 for Nov 2020. Looking further ahead, the company is expected to report revenue of $1.14B at an EPS of $1.05 for Feb 2021. The estimates represent 32.90% and 43.02% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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EDU Earnings Estimates For The Current Year
For the financial year, New Oriental Education & Technology Group Inc. [NYSE: EDU] is expected to bring in revenue of $4.18B. The returns are nearly $600.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for 2021, the estimate put it at 3.63, higher than that of FY20 by $0.6. Estimates put this year’s earnings growth at 19.80%, 43.30% for the next, and at an annual 32.34% over the next 5-year period. As for sales, forecasts are for an increase of 16.80% in the current fiscal year and a further 32.90% over the following year.
EDU Price Performance
On Wall Street, New Oriental Education & Technology Group Inc. [NYSE: EDU] finished Wednesday’s session down -2.33% at $171.01. The stock went up to $176.09 at the same session while its lowest single-day price was $169.1952. In the last five days, it saw a fall of about -2.22%, New Oriental Education & Technology Group Inc. shares dropped by almost -7.97% since the beginning of the year. However, the share price has dropped to as low as -8.76% below its one year high. On 01/04/21, the company shares recorded $187.43, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/07/21, the same year at $166.90. The company’s shares have inclined by 29.38% in the past year. The 50-day SMA achieved is $171.01 while the 200-day SMA is $147.35. Volume gained to 1.41 million from 1.33 million in the previous session.
New Oriental Education & Technology Group Inc. [EDU] Valuation Measures
Notably, New Oriental Education & Technology Group Inc.’s [EDU] stock cannot be classified as a good candidate in the listing of underestimated low-priced Education & Training Services companies to purchase as soonest possible with the prevailing 12-month PE ratio of 72.06. The measure means the stock is exchanging at a premium as compared to the 23.65x trailing earnings of the industry. It can be helpful for investors to consider the historical price-sales ratio, more specifically, an 8.49 PS value ratio is reported for the last year of reported earnings. That is higher than the industry average of 2.18 which means EDU serves an unattractive investment opportunity compared to its competitors.
EDU Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 171.01 level, and in case of violation of this particular level, it will cause more drop to 168.11 level. On the upper level, 181.90 is still the key resistance. The stock may increase to the subsequent resistance at 178.99. The Relative Strength Index (RSI) pinned on the 14-day chart is 48.29, implying a neutral technical stance while the MACD stands at -3.09, meaning the price will decrease in the next trading period. Percent R indicator moved to 79.98%, implying bearish price movement. Stochastic %K at 32.08% suggest holding the stock.
Is New Oriental Education & Technology Group Inc. [NYSE: EDU] a Good Buy Right Now?
It should be noted that EDU technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 40% Buy in the past month. Data from New Oriental Education & Technology Group Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.91 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 1.01 million shares while the medium-term average advocated for 75% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.99 million shares.
What is the short interest in New Oriental Education & Technology Group Inc.?
Short interest in the New Oriental Education & Technology Group Inc. stock has plunged, decreasing by -1.15 million shares to a total of 4.24 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020, stand at 3.09 million, data from Yahoo Finance shows. The increase of 27.12% suggests the stock saw some increased bearish sentiment.
New Oriental Education & Technology Group Inc.’s Biggest Shareholders: Who Owns New Oriental Education & Technology Group Inc. [EDU]?
Filings by Davis Selected Advisers LP showed that the firm now holds a total of 6,452,820 shares or roughly 3.79% of the outstanding EDU shares. This means their shares have reduced by -317,126 from the 6,452,820 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, UBS Asset Management Switzerland updated stake is worth $974,230,073. Details in the latest 13F filings reveal that Fidelity Management & Research Co disposed of off their -4.14% stake valued at $822,689,569 while The Vanguard Group, Inc. cut theirs at $800,795,577. During the last quarter, Fidelity Management & Research Co liquidated -190,995 of its shares in New Oriental Education & Technology Group Inc. while The Vanguard Group, Inc. sold -212,165 shares. The BlackRock Fund Advisors’s holdings currently number 4,217,146 shares at $721174137.46. According to the firm’s last 13F report, UBS Asset Management shares in the company at filing stood at 3,274,745 shares, roughly $608,480,368.
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What are analyst thoughts on New Oriental Education & Technology Group Inc.?
Looking forward to the New Oriental Education & Technology Group Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for New Oriental Education & Technology Group Inc. stock at $203.91 within the next 12 months, which represents almost 16.13 percent growth from its previous closing price of $171.01. The highest analysts’ target for New Oriental Education & Technology Group Inc. stock projections is $225.00 and the lowest one is $179.00. Still, 24 analysts sharing their consensus rating for EDU stock in 2021 agree that it is a Buy.
