Earnings Preview: New Oriental Education
Portfolio Pulse from Benzinga Insights
New Oriental Education (NYSE:EDU) is expected to report an EPS of $0.29 in its upcoming quarterly earnings on January 24, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted positively to past earnings beats. Shares are currently trading at $68.98, up 60.71% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 23, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
New Oriental Education is anticipated to report a quarterly EPS of $0.29, with investors hoping for a beat and positive future guidance. The stock has risen 60.71% over the past year, indicating optimism ahead of the earnings release.
Given the historical positive reaction to earnings beats and the significant stock appreciation over the past year, there is a strong likelihood that if EDU beats the EPS estimate and provides favorable guidance, the stock price will experience a short-term increase. The confidence level is not at 100 due to market unpredictability and other external factors that could influence stock performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100