New Oriental Education Q4 Adj EPADS $0.37 Misses $0.51 Estimate, Sales $860.57M Beat $820.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education (NYSE:EDU) reported Q4 earnings of $0.37 per share, missing the analyst consensus estimate of $0.51 by 27.45%. However, the company's quarterly sales of $860.57 million beat the estimate of $820.07 million by 4.94%. This represents a 139.36% increase in earnings and a 64.22% increase in sales compared to the same period last year.
July 26, 2023 | 9:44 am
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New Oriental Education's Q4 earnings missed estimates but sales exceeded expectations. This mixed result could lead to volatility in the stock's price.
While the company's earnings missed estimates, the beat on sales and significant YoY growth could offset the negative impact. However, the mixed results could lead to uncertainty and volatility in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100